AUD/USD: Bullish breakout targets higher levels – Societe Generale
The price actions of the AUD/USD have finally staged a bullish breakout above its “stubborn” major resistance at 0.7140 (11 August 2022/2 August 2023 swing highs) after it tested twice in February 2026.
AUD/USD Price Forecast: Rises to near three-year high above 0.7150, bullish vibe prevails
The AUD/USD has broken above the key 0.7140 resistance, reaching a 52-week high near 0.7185 and confirming a bullish breakout. Rising commodity prices linked to the US–Iran war in 2026 and expectations of further tightening by the Reserve Bank of Australia are supporting the Australian dollar, with the next resistance levels seen at 0.7246–0.7266 and 0.7335–0.7350.
AUD/USD surges past $0.7150 on March 11, 2026, hitting more-than-two-year highs as RBA rate hike bets leap to 75%.
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week's high of 5% to the current 4.80%.
Aussie has staged a remarkable breakout today, surging broadly higher to clip a near four-year peak against Dollar. AUD/USD is now knocking on the door of a critical resistance zone at 0.72.
Aussie dollar pairs pushed to fresh multi-year highs overnight, buoyed by hawkish signals from the RBA, shifting rate pricing and resilient risk appetite. But while the domestic rates story has re-emerged as a supportive factor, it remains secondary to the torrent of geopolitical headlines driving crude markets.
AUD/USD Price Forecast: Hits multi-year high past 0.7100
AUD/USD extends rally on strong Australian yields, soft US Dollar
AUD/USD: High-beta outperformer on exports and China – ING
AUD/USD: RBA seen delivering back‑to‑back hike – BBH