IRAN: Iran Press- Reports Of Several Explosions In Port City Of Sirik

""President Trump will call Israeli Prime Minister Benjamin Netanyahu and press him not to retaliate for Iran's missile attack, Trump tells Axios.
"I am going to call Bibi right now and tell him not to retaliate. Each of them had their fun. Israel had its strike, and Iran had its strike. We don't need another one," Trump said." via BBG

This came after earlier missile launches from Iran to Israel, after Iran stated Israel had crossed red lines in relation to action Lebanon

"TRUMP TO AXIOS: WE ARE VERY CLOSE TO A FINAL DEAL WITH IRAN, I DON’T WANT IT TO BLOW UP BECAUSE OF WHAT IS HAPPENING NOW - [RTRS]" 

"*IRAN ARMED FORCES SAYS ISRAEL HAS CROSSED ALL RED LINES: IRNA 
*IRAN: FURTHER STRIKES WILL TRIGGER STRONGER IRANIAN RESPONSE

*ISRAEL SAYS TO CONTINUE DEGRADING HEZBOLLAH IN LEBANON
*ISRAEL WILL NOT TOLERATE IRAN’S ATTACKS OVER HEZBOLLAH: IDF" - BBG

• RES 4: 1.4015 High Dec 2 2025  
• RES 3: 1.3972 1.0% 10-dma envelope
• RES 2: 1.3967 High Mar 31 and a key M/T resistance
• RES 1: 1.3950 High Jun 5
• PRICE: 1.3941 @ 17:31 BST Jun 5
• SUP 1: 1.3867 Low Jun 5  
• SUP 2: 1.3794 20-day EMA
• SUP 3: 1.3757 50-day EMA
• SUP 4: 1.3731 Low May 20 

An uptrend in USDCAD remains intact and last week’s strong gains have reinforced this condition. The move higher has confirmed a resumption of the uptrend that started on May 1. This paves the way for an extension towards 1.3967, the Mar 31 high and the next key resistance. Initial firm support to watch lies at 1.3757, the 50-day EMA. A clear break of this average is required to signal a possible reversal.

• RES 4: 0.7393 Top of a bull channel drawn from the Apr 9 ‘25 low 
• RES 3: 0.7325 1.500 proj of the Apr 29 - May 1 - May 5 price swing  
• RES 2: 0.7223/78 High May 15 / 6 and the bull trigger
• RES 1: 0.7161/7201 High Jun 5 / High May 29
• PRICE: 0.7053 @ 17:29 BST Jun 5
• SUP 1: 0.7038 Low Jun 5
• SUP 2: 0.7003 61.8% retracement of the Mar 30 - May 6 bull leg  
• SUP 3: 0.6986 Low Apr 13 
• SUP 4: 0.6938 76.4% retracement of the Mar 30 - May 6 bull leg

A sharp sell-off in AUDUSD on Friday highlights a clear break of the 50-day EMA, currently at 0.7128. The break of this average signals scope for a deeper retracement and exposes 0.7003, a Fibonacci retracement. Note that the bear cycle that started Jun 5 could still be a correction. Moving average studies are in a bull-mode position highlighting a dominant uptrend. Initial firm resistance has been defined at 0.7201, the May 29 high.