AUDUSDAustralian Dollar / US Dollar
0.7166
+0.47%
SUPPORT:0.71090.7051
RESISTANCE:0.72240.7281
Past
What happened
AUD/USD rallied to 0.7166 (+0.47%), the best G10 performer as oil-stress easing lifted commodity currencies and the dollar's geopolitical bid faded.
Why
Why it matters
Aussie trades as a risk-on / China-proxy basket — with S&P 500 at fresh records and Hormuz tail risk fading, the pair gets a clean tailwind. RBA hawkish hold last week still underpins.
Watch
What to watch
China PMI data over the weekend is the next test. Resistance 0.7200 (psychological); support 0.7120. A risk-off reversal on fresh Iran headlines could quickly reprice the entire move.
HEADLINES
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Dollar softens as Middle East ceasefire holdsReuters
- Why is the Australian Dollar Rallying?Barchart
- The Next Trade You Should Make Comes from the Land Down UnderBarchart