By Krishna K — Oct 01 - 09:50 PM
AUD/USD rallies 0.2% as Iran says it has finished attack on Israel
Risk aversion likely to limit rise amid fears of spreading M/East conflict
Israel and the U.S. promised to retaliate against Tehran's escalation
Waning upside momentum, strong chart resistances continue to weigh
China economic recovery optimism, higher-for-longer RBA rate stance support
Resistance 0.6900-05, 0.6920-25, support 0.6855-60, 0.6820-25
Strong resistance at 0.6949-62, 76.4% of Jan-Oct 2023 drop & 55-month MA
Wednesday range 0.6876-0.6902
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary