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TDUX
Jul 08 - 07:55 PM

AUD/USD - Dip Buyers Offset Broader Risk Aversion

By Krishna Kumar  —  Jul 08 - 05:41 PM

• AUD/USD opens unchanged after trading in a 0.6907-0.6946 range on Wednesday

• Shrugs off risk aversion despite renewed U.S.-Iran hostilities

• U.S. military conducts fresh strikes on Iran; Trump says accord is 'over'

• Oil surges 6% as inflation fears reignite, metals drop, U.S. yields rally

• Fed minutes show concern about high inflation mounted in June meeting

• AUD bounce from 200-day MA last week keeps technical outlook positive

• Support 0.6900-10, 0.6874, 200-day MA, resistance 0.6860-65, 0.7000
AUD:


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

Source:
London Stock Exchange Group | Thomson Reuters

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