Prime Minister Benjamin Netanyahu has made his first comments following the IDF airstrikes on Beirut earlier today. Netanyahu said, "Those who have not yet internalized the new situation in Lebanon received today another example of our determination. The equation has changed - what happened before the October 7 attacks will not be repeated. We will not allow firing on our communities, not even a drizzle. We will continue to vigorously enforce the ceasefire, we will attack everywhere in Lebanon against any threat to the State of Israel, and we will ensure that all our residents in the north return to their homes safely"
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AUDUSD is trading lower today. The latest pullback appears corrective, however, the pair has traded through support at the 50-day EMA, at 0.6316. A clear breach of this average would signal scope for a deeper retracement and expose 0.6231, the Feb 10 low. For bulls, a resumption of gains would refocus attention on key resistance at 0.6402/14 - the 100-dma and 38.2% of the Sep 30 ‘24 - Feb 3 bear leg respectively.