AUD/USD has rallied nearly 360 pips from late-March lows, driven by risk-on sentiment following the US–Iran ceasefire. However, the pair is approaching key resistance near 0.7200, with technical indicators signalling a potential short-term pullback. A break below 0.7120 could see a correction toward 0.7033 before the next bullish leg, while a sustained move above 0.7200 may extend gains toward 0.7300.
16-04-2026 09:30 GMT
by Kelvin Wong