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fxJul 20, 2026, 8:30 AM

AUD/USD Builds Strength Above 0.7000 as USD Weakens

The Australian dollar pushed above the 0.7000 level against the US dollar during early European trade on Monday, extending gains as the greenback softened.

AUDUSD

The AUD/USD pair hit a fresh daily high in early European trading on Monday, with buyers attempting to build on the move above the psychologically important 0.7000 mark. The strength comes amid a broader weakening of the US dollar.

Traders are now watching whether the pair can hold above 0.7000 and extend gains. The move higher reflects ongoing dollar weakness rather than any specific catalyst for the Australian dollar.

Source: FXStreet Forex News