• AUD/USD has traded a 29.5 pip range thus far Friday; 0.7024-0.70535

• The top of that range is 1.5 pips shy of Thursday's two-day high

• Thursday peak was scaled as safe-haven USD fell after Trump cancelled strikes on Iran

• 0.6979 was two-month low before the planned strikes were cancelled

• Trump says Iran war deal close. RBA rate hold expected next week (Tuesday)

• CFTC data at 1930 GMT to show if net AUD long shrank again in week to June 9

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)