Aussie Exhaustion

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Aussie ExhaustionAustralian Dollar / U.S. DollarFOREXCOM:AUDUSDSDTFX25With peace deals falling between the US and Iran, and the growing odds of a potential interest rate hike this year. Likely to see some dollar strength coming into May. After repeat test and failure of major resistance at 0.7208 and divergence appearing on the daily chart, likely to see some kick back. First line of support would be at previous support at 0.7127 which is the February high day close followed closely by 0.7073 which is the .618 of the most recent advance. More critical support and bullish invalidation comes in at the .382 (0.6981) which converges on the median line of the year long uptrend off the 2025 low. This analysis is invalidated if price manages a daily close above 0.7213. I have no major levels until essentially .7300