Bearish
AUD/USD retreats to 0.6930 amid escalating US-Iran tensions and rising oil prices.
In the past 24 hours, the Australian Dollar (AUD) has weakened against the US Dollar (USD), with the AUD/USD pair trading around 0.6930. This decline is primarily driven by escalating tensions between the US and Iran, leading to increased demand for the safe-haven USD. Additionally, rising oil prices have intensified inflation concerns, further bolstering the USD.
Key points
- Escalating US-Iran tensions have heightened risk aversion, strengthening the USD.
- Rising oil prices have intensified inflation concerns, further supporting the USD.
- AUD/USD remains above the 200-day Simple Moving Average (SMA) and the 50.0% Fibonacci retracement level, indicating potential support.
- The Relative Strength Index (RSI) around 42 suggests a tentative improvement in momentum, warranting caution before placing aggressive bullish bets.
Sources
- AUD/USD Price Forecast: Retreats further from multi-week top but holds above 0.6900FXStreet · July 13, 2026
- AUD/USD Price Forecast: Wavers around 0.6950 with bearish momentum fadingFXStreet · July 13, 2026
- Australian Dollar: Momentum fades into sideways band against US Dollar – UOBFXStreet · July 13, 2026
- Markets Gave Us Huge Clues Last Week — AUD/USD Strong, GBP/USD Weak and Gold SetupInvesting.com · July 13, 2026
AI-generated from public news sources. Not financial advice.
