EL7.AI
ForexMediumUpdated•Originally published 11 March 2026•Updated 11 March 2026•
1 min read

AUD/USD Eyes Higher Targets as Societe Generale Backs Bullish Breakout

Key Facts

1AUD/USD broke above the key 0.7140 resistance level, reaching a 52-week high near 0.7185.
2Expectations of further monetary tightening by the Reserve Bank of Australia (RBA) are supporting the currency.
3Rising commodity prices linked to geopolitical tensions are contributing to the bullish momentum.

The AUD/USD pair has successfully breached the critical resistance level of 0.7140, hitting a new 52-week high near 0.7185. Analysts at Societe Generale noted that this bullish breakout is targeting significantly higher price levels, providing institutional validation for the move. This surge is primarily driven by growing market expectations that the Reserve Bank of Australia (RBA) will implement further monetary tightening. Additionally, the rally is being fueled by rising commodity prices, which have gained traction due to ongoing geopolitical tensions. Traders are now closely watching for sustained price action above the breakout level to confirm the next leg of the impulsive sequence. The combination of hawkish central bank sentiment and favorable macro conditions continues to underpin the Australian dollar's strength.