• AUD/USD -0.2% wtd, but downside potential is increasing

• Fed FFR hike expectations rising while RBA looks to be on hold for now

• Spike in AU unemployment compounds building pressure on AUD/USD

• AUD targeting break below 0.7096 55-DMA, extension towards 0.6834 possible

• U.S. & Iran remain far apart on key issues despite reports of progress

• AU Apr monthly CPI update due Wed, Q1 capital expenditure data Thur

• Range Asia 0.7135-52, support 0.7080 0.6834, resistance 0.7283 0.7661
AUD Weekly 52-WMA

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