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AUD/USD Breaks Below Key Support as Israel's Attack Elevates Risk-Off Mood
AUD/USD Breaks Below Key Support as Israel's Attack Elevates Risk-Off Mood

Wall Street Journal

time13-06-2025

  • Business
  • Wall Street Journal

AUD/USD Breaks Below Key Support as Israel's Attack Elevates Risk-Off Mood

0143 GMT—AUD/USD breaks below key support at 0.6480 as Israel's attack on Iran elevates risk-off mood, Westpac Strategy Group's Kaitlyn Buhariwalla says in commentary. 'This flare up in risk opens up further downside risks for AUD/USD moving into next week,' the strategist says. Key levels on the downside are the 0.6390-0.6410 and the 0.6350-0.6360 areas, the strategist adds. AUD/USD slips 1.0% to 0.6467. 0152 GMT — Risky assets could pull back amid rising geopolitical risks in the Middle East, DBS Group Research's Chang Wei Liang says in commentary. The forex and credit strategist notes news that Israel launched a wide-ranging attack on Iran's nuclear program. 'This is in the wake of limited progress in talks between U.S. and Iran on curtailing the latter's nuclear program,' he says. 'Markets will carefully assess risks of an escalation,' the strategist says. 'Safe havens such as CHF and JPY have rallied,' the strategist adds. USD/JPY falls 0.3% to 143.08; USD/CHF drops 0.4% to 0.8069. (

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