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TDUX
Jul 08 - 01:55 AM

AUD/USD - Rallies As US-Iran Flare Up Taken In Stride

By Krishna Kumar  —  Jul 07 - 11:48 PM

• AUD/USD up 0.25% as Asia remains unfazed by renewed U.S.-Iran hostilities

• U.S. says it has completed a new round of strikes on Iran

• Wall Street futures recover; Nasdaq futures +0.4%, pare Tuesday's losses

• RBA Assistant Governor Sarah Hunter's mildly hawkish comments support AUD

• Higher oil prices likely to cap rallies; resistance 0.6965-70, 0.7000

• Support 0.6910-20, 0.6890, pivotal at 200-day MA currently at 0.6873

• Asia range 0.6920-0.6946
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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