Just been watching AUD make some solid moves against the dollar lately. It's sitting around 0.7170 right now, up a bit from earlier in the week. The thing is, there's been some positive sentiment around riskier assets with all this talk about potential deals between major powers, so that's helping the aussie outperform. When you think about 101 USD to AUD, you're looking at roughly 155-160 AUD at current levels, which shows how the pair has been trending.

What's interesting is that the broader market is in a risk-on mood. S&P futures are holding onto gains from the previous session around 7,040, and the dollar index is actually tracking for a second straight week in the red despite being marginally higher at 98.20. That's usually a good sign for commodity-linked currencies like the AUD.

On the RBA side, expectations are building for more rate hikes this year. Reports suggest they could tighten by around 55 basis points through the end of the year, pushing rates toward 4.65%. That kind of policy support tends to be bullish for the currency.

Looking at the technicals, AUD/USD is holding above the 20-day moving average at 0.7051, which is keeping things constructive. The RSI is around 65, showing upside momentum without being overbought. If the pair can break above 0.7200, there's potential to push toward 0.7300. The key level to watch remains that 0.7051 support—if we close below it, things could get messy. But as long as buyers keep showing up there, the uptrend probably stays intact. Converting 101 USD to AUD at these levels still gives you a decent return, which is why traders are staying interested in this pair.