• AUD/USD +0.1% late Thur despite Fed rate-hike bets invigorating USD buyers

• Broad USD index reaches 100.92, highest level since May 2025

• Traffic begins to flow through Strait of Hormuz following U.S.-Iran deal

• Short-term AUD support forms 0.6995-00, but 0.7089 likely to cap rallies

• U.S. initial jobless claims +226k, Reuters poll consensus +225k

• Overnight Range 0.7001-39, support 0.6995 0.6834, resistance 0.7089 0.7200
DXY Daily 55-DMA


AUD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)