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fxAug 13, 2026, 5:44 PM

Australian Dollar Forecast: Further Consolidation on the Cards

AUD/USD is expected to remain range-bound, with a neutral-to-bullish bias while spot holds above the 200-day SMA near 0.6930.

AUDUSD

The Australian dollar looks set for further consolidation. Spot maintains a neutral-to-bullish stance while trading above the 200-day simple moving average around 0.6930.

However, a persistent inability to advance north of 0.7000 leaves the pair exposed to limited upside, with the 0.7000 area acting as a key technical cap.

Source: FXStreet Forex News