Bloomberg headlines from Trump's Oval Office remarks on Iran:
"*TRUMP: I HAVEN'T MADE A DECISION WITH RESPECT TO IRAN
*TRUMP: HAVEN'T CLOSED DOOR TO CONVERSATIONS WITH IRAN
*TRUMP: POSSIBLE THAT FIGHTING NECESSARY TO BLOCK IRAN NUCLEAR
*TRUMP: JUST BECAUSE US CAN DESTROY FORDOW DOESN'T MEAN WE WILL
*TRUMP: I THINK IRAN WAS FEW WEEKS AWAY FROM A NUCLEAR WEAPON
*TRUMP: WE'RE LOOKING FOR TOTAL VICTORY, NO NUCLEAR WEAPON
*TRUMP: ENDING MIDEAST CONFLICT AS SOON AS POSSIBLE IS GOAL
*TRUMP, ASKED ABOUT LATEST ON ISRAEL: HAVING A MEETING IN HOUR" - bbg
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The trend condition in AUDUSD is unchanged, it remains bullish. The May 13 rally signals the end of the recent corrective pullback and attention is on key resistance at 0.6515, the May 7 high. Note that moving average studies remain in a bull-mode position, highlighting an uptrend. A resumption of the trend would open 0.6550, a Fibonacci retracement. Key support to monitor is 0.6356, the 50-day EMA.
Monday's US key rates/bond options flow included:
EURJPY maintains a bearish tone following the pullback from its recent high. The move down is for now, considered corrective. However, the cross is testing a key support at 162.23, the 50-day EMA. A break of this level would undermine a bearish theme and signal scope for a deeper retracement. For bulls, a resumption of gains would refocus attention on key resistance and the bull trigger at 165.21, the May 13 high.