Risk-On Sentiment Supports AUDAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: The Aussie dollar is positioned for positive momentum as global market sentiment leans into a Risk-On tone following the easing of geopolitical tensions via a signed MOU between the US and Iran. This comes on top of the RBA’s recent decision to hold its cash rate at 4.35%, maintaining a cautious, inflation-wary stance. However, with Chinese and Hong Kong markets closed today for the Dragon Boat Festival, trading volumes across Asian currencies might experience a temporary dip. Technical Outlook: Despite the overarching 4H trend being bearish, a short-term bullish reversal is taking shape as the price consistently holds above the EMA lines. With the MACD crossing up and the RSI operating above 50, buyers have captured short-term momentum, paving the way for a potential retest of the 23.03 resistance. Furthermore, if the Thai stock market opens in the red this afternoon, it could provide an extra tailwind for AUDTHB. Risk Factor: Since the primary trend remains down, this recovery faces the risk of being a temporary technical bounce. Failure to clear 23.03 cleanly could spark a retracement back toward 22.99 – 22.97. A positive afternoon open for the Thai stock market would also pressure the cross via a stronger Baht. Support Level : 22.99 – 22.97 Target : 23.03 Stop Loss : 22.96