• AUD (+0.7%) hovering near-four year highs on rising Iran deal optimism

• U.S. and Iran closing in on a MOU to end the war was the catalyst

• Focus shifts to Iran's response thus there remains caution on appetite to chase

• Close above 0.72 would embolden bulls, setting up for a 0.73 test

• While shallow dips encourage the view that risks remain higher for now
AUDUSD hourly chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))