The currency pair rises for a third straight session, trading near mid-0.7200s after hitting a multi-year high.
The AUD/USD pair regained momentum during Thursday’s Asian session, halting a late pullback from the 0.7275-0.7280 zone, its highest level since June 2022. Dip-buyers stepped in as the USD softened, pushing spot prices to the mid-0.7200s.
The pair has climbed for three consecutive sessions, supported by broader USD weakness and improved risk sentiment. Prior to this, AUD/USD had struggled to sustain gains above 0.7200, facing resistance near 0.7250.
No immediate market reaction was specified, but the bullish bias remains intact as traders eye further upside potential.