AUD/USD struggles to extend rally above 0.7100
AUD/USD is trading about 0.17% lower near 0.7050 in early European trading, struggling to push above the 0.7100 level.
AUDUSD
The Australian dollar is trading around 0.7050 against the US dollar, down 0.17% during early European trading. The pair has struggled to extend a rally beyond the 0.7100 handle, suggesting upside momentum is fading for now.
The failure to hold above 0.7100 leaves AUD/USD under modest pressure, with sellers defending that area. Price action remains focused on the 0.7050 region as the pair consolidates below the key resistance.
Source: FXStreet Forex News