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fxJun 18, 2026, 4:31 AM

AUD/USD Eyes 0.7050 as US Dollar Weakens, 100-Day SMA Key

The AUD/USD pair reversed its previous day's decline, trading near 0.7040 in Asian session Thursday, up 0.40% as the US dollar softened. The 100-day SMA is seen as a crucial support level for bulls targeting 0.7050.

AUDUSD

The Australian dollar regained positive traction during the Asian session on Thursday, reversing part of the previous day's slide that pushed the pair below the 0.7000 mark. Spot prices were trading around the 0.7040 region, up nearly 0.40% for the day, supported by a broadly weaker US dollar.

Bulls are now eyeing the 0.7050 level, with the 100-day Simple Moving Average (SMA) acting as a key support that could determine the next directional move. A sustained break above the SMA would strengthen the bullish case, while failure may invite renewed selling pressure.

Source: FXStreet Forex News