AUD/USD extends winning streak to fourth day despite USD strength

AUD/USD has maintained its upward momentum for a fourth consecutive session, rising 0.4% to 0.6720 on Friday, recovering from intraday losses despite broader US dollar strength. The Australian dollar's resilience reflects improving risk sentiment and expectations of continued hawkish Reserve Bank of Australia policy amid persistent domestic inflation concerns. The pair has gained over 150 pips from Monday's low of 0.6565, breaking above the key 0.6700 psychological level. Technical indicators suggest bullish momentum with the RSI at 62, while immediate resistance lies at 0.6750 (50-day moving average). Support has formed at 0.6680, with a break below potentially exposing 0.6650. The divergence between AUD strength and USD gains highlights specific fundamental support for the Aussie, including strong commodity prices and RBA rate expectations. Traders await next week's Australian employment data for further directional cues.