AUD/USD retreats from a multi-year peak due to USD strength and geopolitical tensions. However, hawkish RBA action, technical support at the 100/200-day MAs suggest bulls may limit the downside ahead of critical US PCE data.
AUD/USD was hammered on Thursday as markets sharply unwound expectations for Federal Reserve rate cuts, leaving front-end US rate pricing as the dominant driver for the pair this week. After three failed attempts above the February 2023 high of .7160 and a bearish engulfing candle on the daily tivk, the technical picture now points to the risk of a deeper retracement, although momentum indicators are yet to signal a decisive bearish shift.
AUD/USD turns south, trades below 0.7100
AUD/USD declines as geopolitical risks boost USD, RBA rate hike expectations persist
AUD/JPY: Rally faces policy and risk tests – Rabobank
AUD/USD: RBA hawkish stance supports resilience – DBS
Australian Dollar Forecast: AUD/USD surges to multi-year highs of 0.7185 on March 12 2026 as RBA rate hike bets hit 75%. Driven by hawkish RBA signals and a massive policy divergence with the Fed discover if the Aussie can maintain its bullish momentum toward 0.7222.
AUD/USD Price Forecast: Moves away from multi-year top, slides to 0.7125 amid firmer USD
AUD/USD surges past 0.7150 as RBA hike bets strengthen
AUD/USD has recovered sharply from its early-March dip and is once again challenging a key resistance cluster that has capped prior advances. The rebound has carried price back toward levels last seen near the 2023 highs, keeping the broader uptrend intact but placing the market at a critical inflection point.
I keep an eye on risk appetite through the lens of several different assets at this point, as there are so many potential issues out there.
AUD/USD rises as RBA rate hike bets grow, US inflation steady