FxWirePro: AUD/USD dip buyers offset broader risk aversion

• AUD/USD strengthened on Thursday as Australian dollar showed resilience despite a sharp deterioration in geopolitical sentiment.

• Renewed U.S.-Iran hostilities failed to trigger sustained selling in the Aussie, with investors balancing heightened global risks against expectations that inflationary pressures could keep interest rates elevated.

•   Market sentiment was shaken after the U.S. military launched fresh strikes on Iran, while U.S. President Donald Trump declared that the interim agreement with Tehran was "over," raising concerns about a prolonged conflict in the Middle East.

•Meanwhile , The Federal Reserve's June meeting minutes reinforced the hawkish tone, revealing that policymakers grew increasingly concerned about persistent inflationary pressures.

•The minutes suggested officials remain cautious about easing policy, with markets now closely monitoring upcoming Fed communications for further guidance on the interest-rate outlook.

•  Immediate resistance is located at 0.6960(38.2%fib), any close above will push the pair towards 0.6700(June ).

•  Support is seen at 0.6847(23.6%fib) and break below could take the pair towards 0.6812(Lower BB).

 Recommendation: Good to sell around 0.6940 with stop loss of 0.7000  and target price of 0.6880