Australian Dollar Holds Near 0.69 Amid US‑Iran Talks and RBA Minutes

The AUD/USD pair stayed around 0.6895 in early Asian trading, with market participants monitoring ongoing US‑Iran diplomatic talks aimed at de‑escalating Gulf tensions. Traders also awaited the Reserve Bank of Australia's (RBA) release of minutes from its June 16 meeting, which reiterated a hawkish stance, noting headline inflation at 4.0% and core inflation at 3.6% above the 2‑3% target.

Technical analysis shows the pair rebounding above the 100‑hour moving average at 0.6893 after a brief dip, testing recent highs near 0.6928. Resistance levels lie at the falling 200‑hour average (0.6937) and the 38.2% retracement of the June decline (0.6950). The RBA minutes highlighted persistent inflation pressures, excess demand, and a softening housing market, while market pricing now anticipates limited scope for further rate hikes and modest cuts through 2027.