Australian Dollar vs US Dollar Rallies Toward 0.7200 as Hormuz Reopening Eases Oil Fears

Australian Dollar vs US Dollar surged toward 0.7200 after the Strait of Hormuz fully reopened, easing oil shock fears and boosting risk sentiment to weaken the USD. The pair endured wild swings from US-Iran ceasefire hopes driving gains to 0.7167, a gap down to 0.6520 on failed talks, rebounds past 0.7120 on peace optimism, and a plummet below 0.72 on shocking jobs data (+5,200 vs +25,000 expected, unemployment at 4.1%). Now trading at 0.7194 above key SMAs with RSI near 70, the rebound tests resistance at 0.7221 amid lingering geopolitics.