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TDUX
Jul 09 - 05:55 AM

AUD/USD - Respects Wednesday Top; Fed's Williams Speaks Later

By Robert Howard  —  Jul 09 - 03:41 AM

• AUD/USD meets headwind by 0.6946 after extending north from 0.6907

• 0.6907 was Wednesday low, as safe-haven USD rose on Iran war news

• Ascent to threaten 0.6946 aided by Nikkei's rebound (AUD is risk-sensitive)

• 0.6960 (Monday high) and 0.70 are resistance levels beyond 0.6946

• AUD/USD hit a three-month low last week, which the 200DMA helped define

• 200DMA is now at 0.6874. Fed's Williams is due to speak at 1300 GMT

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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