(Corrects milestone in headline)

• AUD/USD up 0.1% in Asia after trading in a 0.7016-0.7060 range

• Opened at 0.7036 after 0.7043 New York close, dropped on risk aversion

• Iran fires missiles at Israel after Beirut strike; Israel retaliates

• Trump says new Israel, Iran strikes won't affect peace deal

• Asia stock markets fall after Fri tech selloff; Nikkei -3.8%, Kospi -5%

• Bargain hunting, profit taking lift pair from day low, high of 0.7060 trades

• Thin market exacerbates swings; most of Australia closed for a holiday

• Support 0.7000-05, 0.6980, 0.6940-50, resistance 0.7075-85, 0.7110
AUD:

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