Australian dollar news

Tensions between the USA and the EU seem to have resolved, but war drums continue to beat over Iran, as high volatility finally returns to the Forex market, while Silver and Gold soar to new record highs.

The EUR/AUD pair remains under pressure as diverging central bank policies and a bearish technical setup suggest a potential breakdown below key support.

AUD/USD, AUD/JPY Power Higher as Australian Unemployment Makes Surprise Fall; Trump Calms Markets by Renouncing Force on Greenland, Downplays Potential Iran War, Takes Tariffs Off Table - Stocks Recover; Gold Makes New Record Then Retreats; Japanese Bond Yields Hit Record Highs; US Final GDP & PCE Price Index Data Due Today

AUD/USD surged to its highest level since September after strong Australian jobs data fueled RBA rate hike bets, with bulls now targeting 0.6835.

The Australian dollar is testing major resistance against the USD, fueled by stronger Chinese manufacturing data, RBA rate hike expectations, and rising commodity demand.

The AUD/USD pair extended its bullish momentum as the US dollar weakened and traders await key Australian employment data, with 0.6800 as the next upside target.

The Australian dollar is testing the 50-day EMA against the New Zealand dollar, with traders eyeing a potential rebound toward 1.17 or a breakdown to 1.14.

AUD/USD is gaining bullish momentum above key support levels after forming a bullish engulfing pattern, with traders targeting the 0.6800 resistance zone.