AUD/USD holds near two-and-a-half-month high on soft dollar

AUD/USD remained firm near its strongest level in two and a half months during Wednesday's session. The pair was changing hands around 0.7118, up 0.43% on the day.

The Australian dollar was supported by broad US dollar weakness, while technical indicators pointed to further upside. The pair reached an intraday high before consolidating near session levels.

The positive momentum suggests a short-term upside bias remains intact.