• AUD/USD up 0.2% in Asia on hopes of U.S.-Iran de-escalation

• Iran says it will halt strikes as long as U.S. bombing pause holds

• Risk rallies as U.S. crude falls 4.5%; S&P 500 futures + 0.75%

• AUD gains muted as senior Iranian source expresses scepticism on U.S. pause

• Gains also capped on caution ahead of this week's risk events

• RBA Governor Bullock's speech Tue, Australia Q2 CPI, Fed rate decision Wed

• Resistance 0.7023, 38.2% Fibo of May-June drop; more at 0.7050, 0.7070-75

• Support 0.6980-85, 0.6960-65; Asia range 0.6991-0.7007
AUD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)