AUD/USD Wavers Near 0.6950 as Bearish Momentum Fades
The Australian Dollar edges lower but finds support above 0.6120 as USD weakness offsets risk-off sentiment from Iran tensions.
AUDUSD
AUD/USD is trading with marginal losses around 0.6950 on Monday, following a reversal from Friday's 0.6970 highs. The pair found support above 0.6120.
Rising geopolitical tensions in Iran have pressured risk appetite, but the US Dollar's weakness is limiting the Aussie's downside. The bearish momentum appears to be fading.
Source: FXStreet Forex News