AUD/USD Downtrend Remains Intact Below 0.6910 Despite Trump's Iran War Exit Remarks

MarketPulse by OANDA Group676 FollowersFollow5ShareSavePlay(5min)Comment(1)SummaryDowntrend intact despite policy support: AUD/USD failed to sustain gains after the hawkish RBA boost, reversing sharply from 0.7123 to a three-month low, with the bearish trend remaining intact below the 0.6910 resistance.Now driven by global risk sentiment: Rising stagflation fears and oil-driven macro stress have shifted AUD/USD into a “risk asset,” with stronger correlation to global equities - implying further downside if equity weakness persists.Key levels signal further downside risk: A break below 0.6838 may extend losses toward 0.6790-0.6710 (near the 200-day MA), while only a move above 0.6910 would invalidate the bearish outlook and trigger a rebound. pamspix/E+ via Getty Images By Kelvin Wong The price actions of the AUD/USD (AUD:USD) have staged the initial expected push up on March 17, 2025, ex-post RBA monetary policy meeting, where the Australian central bank offered a hawkish guidance of more interest rate hikes down theThis article was written byMarketPulse by OANDA Group676 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.