AUD/USD flows: Relief Rally Shortlived

Any relief rally is destined to be short-lived as market participants relies on hopium to live. There has been little progress between U.S. and Iran despite the three week Lebanaon-Israel ceasefire. Geopolitical tension likely be flaring up as U.S.-Iran's conflict regarding mines in the Strait of Hormuz persist.

Major equity indexes are performing individually while precious metal lower. AUD/USD is trading 0.06% lower at 0.7123.