The Australian Dollar rises 0.2% but retreats below 0.7000 twice in Monday trading despite early gains.
The Australian Dollar advanced 0.2% against the USD on Monday, climbing from near 0.6950 in early trading. AUD/USD briefly pushed above the 0.7000 mark during London and New York sessions but failed to sustain the level, retreating below it twice.
The pair has struggled to maintain momentum above 0.7000 in recent sessions, reflecting persistent selling pressure at key resistance. Prior attempts to break the threshold have similarly fallen short, with traders hesitant to commit to a sustained rally.
No immediate market reaction was reported following the latest failed breach, though the pattern underscores ongoing uncertainty around the currency pair.