Market Technical Analysis by RoboForex

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AUDUSD on the edge as the market awaits a US-Iran truce

The Australian dollar is losing ground amid labour market weakness. At the moment, the price is testing the 0.7130 level. Find more details in our analysis for 22 May 2026.

Technical outlook

On the H4 chart, the AUDUSD pair formed an Inverted Hammer reversal pattern near the lower Bollinger Band. At this stage, quotes remain within an ascending channel and could continue the upward wave after the correction as the pattern signal plays out.

The Australian dollar lost ground following the Australian employment data release.

Read more - AUDUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team