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fxJun 11, 2026, 2:26 AM

AUD/USD Bounces Off Two-Month Low, Upside Capped

The Australian dollar recovers from a fresh two-month low, moving back above 0.7000 against the US dollar, but further gains appear limited.

AUDUSD

The AUD/USD pair edged higher during Thursday's Asian session, recovering a few pips after hitting a fresh two-month low. The pair climbed back above the psychological 0.7000 level, supported by a softer US dollar.

However, the upside appears capped as the Australian dollar remains under pressure. The earlier drop to a two-month low signals lingering bearish sentiment, and the recovery lacks strong momentum. Traders are watching for further catalysts to determine the pair's next direction.

Source: FXStreet Forex News