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fxJul 2, 2026, 5:22 PM

AUD/USD Consolidation Likely Below 0.7000

The Australian dollar is expected to remain in a consolidative phase beneath the 0.7000 level, though the constructive outlook holds above the 200-day moving average.

AUDUSD

The Australian dollar is currently trading in a consolidation pattern, remaining below the key 0.7000 threshold. This phase is expected to persist for now, according to recent analysis.

Despite the sideways movement, the broader tone remains constructive as long as prices stay above the critical 200-day simple moving average. This level continues to provide support and reinforces the medium-term bullish bias.

Source: FXStreet Forex News