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The Australian Dollar maintains a bullish posture, trading near the upper boundary of its recent range against the US Dollar after briefly piercing the critical 0.7200 resistance level. Upward momentum remains supported by improving market sentiment and broader fluctuations in the US Dollar index ahead of upcoming economic releases. For forex traders, the 0.7200 psychological barrier represents a key technical threshold. A sustained break above this level could unlock further upside potential toward higher resistance zones, whereas a failure to clear it may lead to a consolidation phase or a moderate pullback toward immediate technical support levels. Market participants are monitoring interest rate expectations between the Reserve Bank of Australia and the US Federal Reserve, as well as risk sentiment across global equity markets. Continued strength in commodity prices could provide additional tailwinds for AUD/USD in the near term.
