- AUD/USD surrenders early gains and turns negative as investors turn risk-averse after Iranian attacks on three ships in Hormuz.
- Higher oil prices due to the Hormuz closure remain a key concern for global markets.
- Australian Composite PMI returns above 50.0 in April.
The AUD/USD pair gives up its early gains and trades 0.24% lower around 0.7145 during the Asian trading session on Thursday. The Aussie pair faces selling pressure as the market sentiment turns risk-averse, following Iranian attacks on three ships in the Strait of Hormuz, a vital passage to almost 20% of global energy supply.
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.11% | 0.03% | 0.02% | 0.25% | 0.29% | 0.12% | |
| EUR | -0.06% | 0.07% | -0.04% | -0.04% | 0.16% | 0.23% | 0.04% | |
| GBP | -0.11% | -0.07% | -0.09% | -0.11% | 0.11% | 0.17% | -0.03% | |
| JPY | -0.03% | 0.04% | 0.09% | -0.02% | 0.22% | 0.24% | 0.08% | |
| CAD | -0.02% | 0.04% | 0.11% | 0.02% | 0.24% | 0.27% | 0.08% | |
| AUD | -0.25% | -0.16% | -0.11% | -0.22% | -0.24% | 0.06% | -0.16% | |
| NZD | -0.29% | -0.23% | -0.17% | -0.24% | -0.27% | -0.06% | -0.20% | |
| CHF | -0.12% | -0.04% | 0.03% | -0.08% | -0.08% | 0.16% | 0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
As of writing, S&P 500 futures trade 0.53% lower to near 7,100, reflecting a weak risk appetite of investors. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is up 0.1% to near 98.70, the highest level seen in over a week.
According to a report from The Wall Street Journal (WSJ), Tehran fired on three ships in the Hormuz and escorted two of them to Iranian waters, and is bringing those ships to Iran.
Though the US-Iran ceasefire extension has diminished fears of military activities, higher oil prices due to the Hormuz closure are keeping currencies from economies that rely on oil imports to meet their energy needs under pressure.
On the economic data front, Australian flash S&P Global Purchasing Managers’ Index (PMI) data for April has come in stronger than the previous reading. The Composite PMI returns above 50.0, a figure that separates expansion from contraction. The overall business activity improved to 50.1 from 46.6 in March due to higher output from both the manufacturing and the services sectors.
AUD/USD technical analysis
IAUD/USD trades lower at around 0.7145 as of writing; however, the pair holds a constructive near‑term bullish bias as spot remains above the 20-period Exponential Moving Average (EMA) at 0.7086, keeping the short-term trend supported after its recent recovery from sub-0.70 levels.
The Relative Strength Index (RSI) at about 60 stays in positive territory without entering overbought conditions, hinting that upside momentum is still present but not yet stretched.
On the downside, immediate support is defined by the 20-period EMA at 0.7086, where a break would signal fading bullish pressure and expose a deeper pullback toward recent lows. As long as AUD/USD defends this moving average on closing bases, the technical picture favors dip-buying strategies and keeps scope open for further gains in the sessions ahead.
Looking up, the multi-year high at 0.7222 is the major barrier for the pair; however, a breakout above the same would open the scope of extending the rally towards 0.7300.
