AUD/USD snaps winning streak below 0.72 as Aussie jobs disappoint
AUD/USD slips as USD rebounds, Oil and geopolitics in focus
Strong rally driven by risk-on sentiment: AUD/USD surged ~360 pips from late-March lows, supported by US–Iran ceasefire optimism and its high-beta sensitivity to global risk assets, outperforming most major currencies.
AUD/USD has rallied nearly 360 pips from late-March lows, driven by risk-on sentiment following the US–Iran ceasefire. However, the pair is approaching key resistance near 0.7200, with technical indicators signalling a potential short-term pullback.
Our intraday forex analysis covers AUDUSD, NZDUSD drop, and US 30, focusing on key support and resistance levels and potential market direction. AUDUSD spikes higher The Australian dollar maintained its rally amid the Middle Eastern conflict, which continues to weigh heavily on the greenback.
Aussie strength is telling the story of markets today. The currency has emerged as the top performer, driven by a combination of improving global risk sentiment and robust domestic labor data, with AUD/USD rising to its highest level since late 2022 and approaching the key 0.72 resistance.
Australia's labour market is holding firm and inflation expectations are lifting, keeping pressure on the RBA to push policy into more restrictive territory, supporting AUD/USD as it breaks key resistance and eyes further upside. But that same hawkish rates story is weighing on equities, with the ASX 200 struggling beneath resistance as higher yields, valuation headwinds and fading momentum begin to skew directional risks lower.
AUD/USD breaks higher as US–Iran peace talks gut the dollar's war premium and a tight Australian labor market keeps the RBA hawkish. Target: 0.71875.
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AUD/USD climbs above 0.7170 as truce hopes lift risk appetite
AUD/USD surges ahead of Australian jobs data as US Dollar loses footing
The AUD/JPY currency pair has certainly captured market attention this month. From early April 2026, the Australian dollar has strengthened over 3.5% against the Japanese yen, presently hovering around the 113.50 mark.