12 Mar 2026
📊 AUD/USD Market Update
AUD/USD pulled back from a multi-year high near 0.7185 and is currently trading around 0.7130, ending its four-day winning streak.
📉 Why the pullback?
Stronger US Dollar supported by rising US bond yields
Ongoing Middle East tensions boosting safe-haven demand for USD
Higher oil prices raising inflation concerns
📈 What supports AUD?
Expectations of a possible RBA rate hike next week
Technical indicators still show mild bullish momentum
🔑 Key Levels
Support: 0.7120 | 0.7080 | 0.7040
Resistance: 0.7150 | 0.7175 | 0.7220
📌 As long as price holds above 0.7080, the bullish bias remains intact, with potential upside toward 0.7175 – 0.7220.
