AUD/USD Eyes Extension Higher on U.S.-Iran Deal Hopes Amid Risk-On Flows

AUD/USD is extending gains on renewed risk-on sentiment after President Trump signaled a possible U.S.-Iran deal this weekend, lifting the Aussie and Kiwi alongside equity futures. The move builds on the June 9 technical rebound when AUDUSD reclaimed the 50% retracement at 0.7055 and NZDUSD held support near 0.5800 following last week’s risk-off selling. With resistance now eyed at 0.7080, then 0.7100 and 0.7200, the pair remains vulnerable to any reversal in headline flow or escalation in tensions that could quickly erase the bullish daily reversal.