The Australian Dollar remains supported above 0.6950, keeping near-term upside potential intact despite fading momentum.
The Australian Dollar has retreated from recent highs but continues to trade within a 0.6960–0.7000 range against the USD, according to recent analysis. AUD/USD slipped to a low of 0.6966 after failing to sustain momentum above 0.7015, but downward pressure remains limited.
Earlier projections suggested a potential rise toward 0.7045, though momentum has softened. Support at 0.6950 remains critical; a breach would signal a shift in the near-term outlook. Longer-term, the focus remains on downside levels at 0.6835 and 0.6707.
Intraday trading is expected to stay range-bound between 0.6960 and 0.7000, with no clear directional bias emerging yet.