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TDUX
May 08 - 06:55 AM

AUD/USD - Rises To Intra-Day High On U.S. Dollar Supply

By Robert Howard  —  May 08 - 04:51 AM

• AUD/USD hits 0.7236 intra-day high after rising from 0.7200 on USD supply

• 0.7200 was Asia low, after safe-haven USD rose on flare-up in Persian Gulf

• Thursday's high was 0.7264 - before renewed US-Iran hostilities

• Resistance levels beyond 0.7264 include 0.7277 and 0.73

• 0.7277 was Wednesday's four-year peak (0.7282 was June 2022 high)

• U.S. jobs data due at 1230 GMT; April NFP forecast at 62k. Jobless rate f/c 4.3%

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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