ForexAug 10, 2026, 11:32 PM

Australian Dollar Steadies After Strong Rally, Tightest Range in Weeks

The Australian dollar held above $0.7050 on Friday, trading a 20-pip range – its narrowest in weeks – after a nearly 200-pip surge from late June without clear local drivers.

AUDUSD

The Australian dollar drifted 0.15% lower within a band of barely 20 pips, the tightest daily range in weeks. The pair stayed above the 0.7050 level.

The quiet session follows a run of close to 200 pips from the late-June trough. Notably, the rally unfolded without a discernible Australian catalyst.

Source: FXStreet Forex News

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