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• AUD/USD -0.7% Mon after hitting fresh 46-month 0.72215 high on Fri
• Iran rejects peace talks, Trump renews threats to strike infrastructure
• AUD pushing lower hourly Bollinger band, slide will slow short term
• Hawkish RBA lurking, futures imply 80% chance of an RBA rate hike in May
• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu
• Range Asia 0.7115-633, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)