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fxJul 21, 2026, 6:15 PM

Aussie Dollar Holds Near 0.7000 as Recovery Faces Resistance

AUD/USD remains stuck around the 0.7000 level after a recent recovery, failing to break convincingly above this psychological resistance. The constructive outlook persists as long as price stays above the 200-day SMA.

AUDUSD

AUD/USD has stalled around the 0.7000 mark after its recent bounce, unable to push through in a convincing manner. The pair continues to face stiff resistance just above this key level.

Despite the struggle, the broader bullish case remains intact as long as price holds above the critical 200-day simple moving average. Traders are watching for a decisive break above 0.7000 to confirm further upside momentum, while a drop below the 200-day SMA would weaken the recovery narrative.

Source: FXStreet Forex News