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fxJun 18, 2026, 5:06 PM

AUD/USD Faces Contention at 0.7000, Momentum Fades Near 0.7300

The Australian dollar's upward trend since late March has stalled ahead of the 0.7300 resistance, with initial support now seen at 0.7000 as the market awaits a fresh catalyst.

AUDUSD

The Australian dollar's rally, which began in late March, appears to have lost momentum near the 0.7300 level. The pair is now struggling to find a fresh catalyst to resume the uptrend.

Initial downside contention is identified at the 0.7000 mark. A break below this level could signal a deeper pullback, while a sustained move above 0.7300 would reinvigorate the bullish outlook.

Source: FXStreet Forex News