• AUD/USD -1.0% from Tue 0.71774 high, hits 55-DMA for first time since Apr 13

• Metals softness fanning downside momentum, Copper -5.5% from May 13 peak

• RBA sees breathing space post-May hike to assess economic impact of Iran war

• Trump revisits threats against Iran, claims Iran 'begging' for a deal

• CN loan prime rate decisions Wed, prior: 3.00% 1y, 3.50% 5y

• AU Apr employment update Thur, Reuters poll: +15k jobs, 4.3% unemployment

• Overnight range 0.7080-0.71365, support 0.6834, resistance 0.7283 0.7661
Shanghai Copper Daily 21-DMA


AUD Daily 55-DMA

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