Forex
AUD/USD Surges to Fresh Multi-Month High Amid Risk-On Sentiment
The Australian Dollar (AUD/USD) has been on an upward trajectory since late July, clearing a significant downtrend barrier and reinforcing a constructive shift in its near-term technical picture.
The AUD/USD pair has remained well-supported within the rising trend structure as momentum accelerates toward overbought territory. However, buyers are now approaching the next major resistance confluence.
With the rally increasingly stretched, analysts are questioning whether the current advance can sustain itself or if it will begin to fade in the latter half of August.