• AUD/USD likely to remain bid on dips as risk sentiment improves

• Lower oil prices support as fears of prolonged Middle East conflict ease

• Copper rises 2.6% to a 2-week high, gold up 1.1%, buoy AUD

• Rally capped by AUD/NZD sales as RBA/RBNZ rate expectations are re-priced

• Pair closes below 100-day MA for the 1st time in a year, more downside seen

• 1.1955, June 1 low and 1.1810, 200-day MA attract; Thu range 1.2041-1.2191

• AUD support ay 0.6900-10, 0.6875-80, resistance 0.6960-65, 0.7000

• Thursday range 0.6926-0.6947-

AUD/NZD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)