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TDUX
Aug 24 - 07:55 PM

AUD/USD - Softens As Iran Sanctions Prompt USD Buying

By James Connell  —  Aug 24 - 05:40 PM

• AUD/USD -0.4% from Mon 0.71762 high; expansion of Iran sanctions lifts DXY

• RBA Aug monetary policy meeting minutes due for release 0130 GMT

• Traders sensitive to any signs of ongoing RBA bias towards higher OCR

• AUD targets 0.7200 resistance, break would open topside towards 0.7282

• RBA Head of Domestic Markets David Jacobs speaking in Sydney Tue

• AU Jul CPI due Wed, Reuters poll consensus +0.8% m/m, +3.2% y/y (headline)

• Overnight range 0.71405-71 support 0.6920, resistance 0.7200 0.7277-82
AUD Daily 21/100/200-DMA


DXY Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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