• AUD/USD -0.5% from Wed 0.7037 high as negative sentiment continues to build

• Scant support ahead 0.6834 puts AUD at risk of accelerating downturn

• U.S.-Iran peace deal hopes evaporating, Trump flags intensified attacks

• Hegseth says U.S. to target key facilities, explosions reported across Iran

• U.S. May CPI 4.2% y/y, mainly driven by heightened energy prices

• Futures pricing implies 98% probability RBA leaves OCR unchanged Tue

• Overnight range 0.69946-0.7037, support 0.6834, resistance 0.7080 0.7200
US CPI


AUD Daily 55-DMA

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