• AUD/USD -0.5% Thur in wake of disappointing Apr employment update

• Markets focussed on rise in unemployment to 4.5%, up from 4.3% previously

• Data reinforces view that RBA has breathing space before next OCR move

• Rising Fed rate hike expectations will increase downside pressure on AUD/USD

• AUD targets break below 0.7093 55-DMA, door opening for move towards 0.6834

• Trump says peace negotiation in final stages, but continues to threaten Iran

• Range Asia 0.7100-555, support 0.7080 0.6834, resistance 0.7283 0.7661
AUD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)