Australian Dollar Price Forecast: Further gains remain on the cards

The Australian dollar's recent recovery has encountered headwinds, with AUD/USD struggling to decisively clear the 0.7000 level. Despite this, the pair's underlying bullish structure is unchanged as long as it holds above its critical 200-day simple moving average.

Traders are monitoring whether the Aussie can gather enough momentum to break through resistance, or if a pullback toward the 200-day SMA is in store. The outlook remains cautiously optimistic for further gains in the near term.