• AUD/USD +0.6% Mon but extension constrained with RBA meeting underway

• RBA policy meeting outcome due Tue, no change to 4.35% OCR expected

• U.S.-Iran peace deal announcement invigorates bulls across markets

• Gold +2.5%, equities firmer as Brent crude plummets 4.8% in Asia

• AUD sellers towards 0.7121 55-DMA likely to cap topside run pre-RBA

• Range Asia 0.7036-885, support 0.6834, resistance 0.7121 0.7200 0.7283
AUD Daily 55-DMA

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