• AUD/USD +1.0% from Thur 0.6979 low after U.S. cancels strikes on Iran

• Iranian sources say work towards preliminary deal with U.S. has intensified

• Trump claims that peace deal could be signed as soon as this weekend

• U.S. initial jobless claims 229k (poll 219k), May PPI +1.1% m/m (poll 0.7%)

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

• AUD pushing upper hourly Bollinger band, buying may dissipate ahead 0.7080

• Overnight range 0.6979-0.7055, support 0.6834, resistance 0.7080 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA


US Initial Jobless Claims

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