AUD/USD on the Edge: Can the Hawkish RBA Break Through or Will the Ceiling Hold?

The Aussie dollar has been on a wild little ride, climbing nearly 10% from its 2025 slump—but now, it’s like standing at the edge of a cliff, wondering if it’s gonna fly or fall flat. The Reserve Bank of Australia is gearing up to crank interest rates for the third time this year, which could keep the Aussie buoyant. But here’s the kicker: with U.S.-Iran tensions flaring up again and the all-important U.S. jobs report looming this Friday, the big question is—will the Aussie keep soaring, or is it about to get knocked down a peg? It’s a nail-biter for traders and anyone with skin in the game. LEARN MORE.

The Australian dollar has rallied nearly 10% from its 2025 lows, but now comes its biggest test of the year.

The Reserve Bank of Australia is widely expected to raise rates for the third time in 2026, a move that could keep AUD supported.

But with direct U.S.-Iran military clashes back in play and Friday’s U.S. jobs report still ahead, can the Aussie keep climbing? Or will external risks knock it back down?