AUD/USD Price Forecast: Aussie rejected at 0.7100, upside risks persist

The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY). Risk mood improves as DXY hits four-week lows near 98.52.Weekend US-Iran talks seen as catalyst for AUD/USD above 0.7100.Upside capped… The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY). Risk mood improves as DXY hits four-week lows near 98.52.Weekend US-Iran talks seen as catalyst for AUD/USD above 0.7100.Upside capped below 0.7100; support seen at 0.7026, 0.6978.The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY). Hopes that the US-Iran talks over… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.