• AUD/USD peaks at 0.64935 Fri (+0.7% from overnight 0.6446 low)

• Pair recoils from hourly upper Bollinger band, returns mid-range

• Middle East war escalation and geopolitical uncertainty remains key theme

• Trump's two-week go/no go Iran deadline pauses safe haven USD buying for now

• Support 0.6445-50, break below 0.6425 200-DMA would accelerate move lower

• Very little AU economic data ahead crucial May CPI due later next week

• Range early Asia 0.6464-935, support 0.6445-50 0.6390, resistance 0.6550-55
AUD Hourly Bollinger Study

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