Looking at the 4-hour chart, the pair surpassed the 23.6% Fib retracement level of the downward move from the 0.7187 swing high to the 0.6833 low. However, the pair is still well below 0.7000, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).
When is the Australian Trade Data and how could it affect AUD/USD?
AUD/USD is hovering near key technical levels as markets await President Trump's address to the nation. With no confirmed agenda, traders are left to price in a wide range of outcomes — from risk-on relief to a deeper risk-off move.
AUD/USD stalls below 0.6950 as ISM prices surge
AUD/USD rises as risk sentiment improves on US-Iran de-escalation hopes
AUD/USD extends gains to 0.6950 amid higher appetite for risk
AUD/USD Price Forecast: Middle East peace hopes back further recovery towards 20-day EMA
The Aussie dollar ripped higher overnight, driven first by the WSJ report that Trump is willing to end the Iran war without reopening the Strait of Hormuz, then reinforced by his Truth Social post and remarks from the Iranian President about looking to end the conflict.
AUD/USD snaps five-session slide as Iran peace hopes lift risk appetite
AUD/USD Price Forecast: Momentum turns higher, downside risks ease
AUD/NZD: Pullback seen as chance to re‑enter longs – TD Securities
The price actions of the AUD/USD have staged the initial expected push up on 17 March 2025, ex-post RBA monetary policy meeting, where the Australian central bank offered a hawkish guidance of more interest rate hikes down the road in 2026 after it enacted a back-to-back rate hike of 25 basis points to increase the official cash rate to 4.1%.