AUD/USD may be on the verge of a bullish breakout as the US dollar loses one of the key pillars that supported it during periods of geopolitical stress over recent months.
Intraday bias in AUD/USD remains neutral for consolidations below 0.7277. Further rise is expected as long as 0.7101 support holds.
AUD/USD Price Forecast: Advancing 20-day EMA backs more upside towards 0.7300
When are the CPI, PPI and how could they affect AUD/USD?
AUD/USD enters the new week near three-year highs, supported by broad risk appetite, bullish futures positioning and hopes tensions between the US and China may continue to thaw. While Australian economic data is unlikely to be a major volatility driver, traders will closely monitor US inflation reports, the Trump-Xi summit in Beijing and geopolitical risks surrounding Iran and the Strait of Hormuz.
The RBA's higher-rate stance, oil-driven inflation risks, and China's weak recovery are shaping the outlook for AUDUSD and the ASX 200 as markets weigh sticky inflation against slower growth.
AUD/USD jumps above 0.7240 as softer US wage growth offsets Iran hostilities
AUD/USD Price Forecast: Rebounds toward 0.7250 near four-year highs
AUD/USD slips from multi-year highs as Aussie trade slumps and Dollar bounces
AUD/USD: Unilateral RBA tightening supports currency – TD Securities
The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia's tight monetary stance and a weaker US dollar. This week's rate hike by the RBA has been a key driver, widening yield differentials and boosting demand for the Australian currency, which has reinforced the ongoing uptrend.
AUD/USD Price Forecast: Retains bullish bias near 0.7250, multi-year top on softer USD