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TDUX
Jul 16 - 09:55 PM

AUD/USD - Rangebound Amid Firmer USD, Cautious Risk Mood

By Krishna Kumar  —  Jul 16 - 08:52 PM

• AUD/USD consolidates in Asia after closing 0.1% lower on Thursday

• Weighed down by tech selloff, Iran-U.S. tensions which dampen risk mood

• Robust U.S. economic data, hawkish comments from Fed officials cap rally

• 38.2% Fibo of May-June decline at 0.7023 continues to thwart AUD rise

• Resistance 0.7020-25, 0.7050, 0.7070-75, support 0.6970-75, 0.6940-45

• Thursday range 0.6986-0.7012; Asia 0.69915-0.70009
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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