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fxJul 21, 2026, 3:32 PM

Australian Dollar Retreats from Monthly High, AUD/USD Hovers Near 0.7010

The AUD/USD pair slipped from a four-week high on Tuesday, trading near 0.7010. The Australian Dollar remains above the key 0.7000 level as softer US economic data curbs demand for the greenback.

AUDUSD

The Australian Dollar pulled back from a monthly high during Tuesday's trading session, with AUD/USD declining to around 0.7010. The pair had earlier reached its strongest level in four weeks before retreating.

Despite the pullback, the Aussie remains above the psychologically significant 0.7000 mark. Support comes from weaker-than-expected US economic data, which has limited demand for the US Dollar and provided a floor for the currency pair.

Traders are watching for further cues from upcoming economic releases and central bank commentary that could influence the direction of the pair.

Source: FXStreet Forex News