AUDUSD Steadies Around 0.6700 as Technical and Fundamental Factors Align
Over the past three trading days, AUDUSD has fluctuated between 0.6670 and 0.6710, closing yesterday at 0.6676 with a slight pullback. Supported by rising global equities and a retreating US dollar, the Aussie currency continues to hold firm near the 0.6700 level. Market participants remain cautious ahead of upcoming US inflation data and the Reserve Bank of Australia’s prudent signaling, keeping sentiment mildly bullish. For investors, this scenario suggests opportunities within consolidation, with key support and resistance levels indicating further potential challenges ahead. Overall, AUDUSD’s trading mood balances between economic fundamentals and risk appetite, making it suitable for both short-term and medium-term strategies.


