Key takeaways Strong rally driven by risk-on sentiment: AUD/USD surged ~360 pips from late-March lows, supported by US–Iran ceasefire optimism and its high-beta sensitivity to global risk assets, outperforming most major currencies. Short-term pullback likely: The recent three-week bullish move appears overstretched, with technical signals pointing to a minor mean reversion decline after testing the […]
The post Chart Alert: AUD/USD 360 Pips Rally at Risk of a Minor Mean Reversion Decline Below 0.7200 Before New Upleg appeared first on ActionForex.
