Australian Dollar Hovers Below 0.7000 in Tight Range as Breakout Attempts Fade

The Australian dollar is stuck right beneath the 0.7000 handle against the US dollar, gaining roughly 0.1% in a session where the entire range stayed inside 30 pips. For almost two weeks, traders have tested the area around the round figure but have been unable to build any lasting momentum above it.

Each push toward 0.7000 has been met with selling pressure, leaving the pair in a holding pattern. The narrow intraday movement reflects a market that is unwilling to commit direction while this psychological barrier holds firm.