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Apr 13 - 04:55 AM
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AUD/USD - Rises To Intra-Day High; Key Resistance At 0.71
By Robert Howard — Apr 13 - 03:40 AM
• AUD/USD hits 0.7058 (intra-day high) after extending north from 0.6979
• 0.6979 was Asia low, after safe-haven USD strengthened on Middle East news
• U.S. to blockade Iran ports after weekend talks failed to yield a deal
• 0.6979 was the lowest level since April 8 (0.6969 was the low that day)
• Offers expected pre-0.71 (0.7092 was Friday high; 0.7094 was Thursday high)
• CFTC data showed net AUD long fell 13% to 70,813 contracts
in week to April 7
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters