AUD/USD Price Forecast: Bulls test 0.6950 resistance after rebound from 100-day SMA

The Australian Dollar (AUD) strengthens against the US Dollar (USD) on Tuesday as the Greenback softens amid fragile market sentiment ahead of a deadline set by US President Donald Trump for Iran to reach a deal or reopen the Strait of Hormuz by 8:00 p.m. Eastern Time (00:00 GMT on Wednesday). AUD/USD firms as the US Dollar softens… The Australian Dollar (AUD) strengthens against the US Dollar (USD) on Tuesday as the Greenback softens amid fragile market sentiment ahead of a deadline set by US President Donald Trump for Iran to reach a deal or reopen the Strait of Hormuz by 8:00 p.m. Eastern Time (00:00 GMT on Wednesday). AUD/USD firms as the US Dollar softens ahead of Trump’s Iran deadline.Technically, AUD/USD is currently testing the 0.6950 level, a former support that now acts as immediate resistance.Momentum indicators improve as RSI recovers toward 50, and MACD signals fading bearish pressure.The Australian Dollar (AUD) strengthens against the US Dollar (USD) on Tuesday as the Greenback softens amid fragile market sentiment ahead of a deadline set by US President Donald Trump… 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.