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TDUX
Jul 20 - 01:55 AM

AUD/USD - Rallies As Dip-Buyers Emerge On Early Weakness

By Krishna Kumar  —  Jul 19 - 11:46 PM

• AUD/USD up 0.15% in Asia after trading in a 0.6960-0.6995 range

• Opened 0.6976 from Fri 0.6981 close, dipped to day low on Iran escalation

• U.S. strikes Iran for 9th day; allies in region report fresh attacks

• Dip-buyers emerge as 0.6960-65 support holds, rally back to day high ensues

• Failure at 38.2% Fibo of May-June drop at 0.7023 last Wed continues to weigh

• AUD/NZD risks further drop as key data loom; NZ Q2 CPI Tue, AU June jobs Thu

• Support 0.6960-65, 0.6935-40, resistance 0.6995-0.7000, 0.7020-25
AUD:


AUDNZD:


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

Source:
London Stock Exchange Group | Thomson Reuters
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