• AUD/USD consolidates gains to 0.7250, its highest level since June 2022

• Ascent to 0.7250 fuelled by US-Iran deal hope, Kospi surge (AUD is risk-sensitive)

• Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

• Iran says it wants a "comprehensive agreement" with U.S.

• 0.7228 (May 1/4 highs) and 0.7200 are now AUD/USD support points

• NAB expects RBA to raise interest rates again in June

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(Robert Howard is a Reuters market analyst. The views expressed are his own)