• AUD/USD extends higher to 0.7174, peeking into uptrend channel

• Currently near top of Monday range 0.7126-0.7177, as momentum builds

• Iran's proposal to reopen Strait of Hormuz triggers risk-on

• Suggestion to shelve nuclear talks for now may be well-received

• Iran reviewed with Pakistan conditions for resuming talks

• Parts of Australia, New Zealand closed Monday
AUD


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)