• AUD/USD meets headwind pre-0.70425 (Tuesday low) after rising from 0.6995

• 0.6995 was Wednesday low, after USD jumped on Fed's hawkish hold

• Wednesday high was 0.70755, pre-Fed (0.7079 was Tuesday high)

• 0.6995 is the lowest level since last week's two-month low of 0.6979 (June 11)

• U.S. and Iran presidents sign ceasefire agreement

• Citigroup pushes back Fed rate-cut timeline amid rising hawkishness

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)