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May 26 - 06:55 AM

AUD/USD - Stalls At Key Technical Resistance Amid Iran-Driven Risk Aversion

By Peter Stoneham  —  May 26 - 05:17 AM

• US military strikes Iranian boats, missile launch sites: CENTCOM

• Unsettles risk and threatens peace talks

• Iran's top envoys discussing potential peace deal with Qatar pm, official says

• Oil jumps: Brent up 3.66% at $99.53 PB, dollar mixed, index marginally higher

• AUD/USD slips from Monday's 0.7182 high: backs away from 20-DMA, 0.7186

• Tight Tuesday range limiting AUD damage: support at 0.7145 Monday low

• Bigger levels to watch: 0.7100 50-DMA and 0.7277 May 6 high
AUD/USD daily chart:


(Peter Stoneham is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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