AUD/USD Rises on Yuan Strength, Softer Dollar

AUD/USD advanced toward the 0.6960 level during Friday's session, buoyed by a softer US dollar and renewed strength in the Chinese yuan. The pair continues to recover on the four-hour chart, reflecting improved risk appetite.

However, upside momentum remains limited as escalating tensions between the United States and Iran weigh on broader risk sentiment. Traders are monitoring geopolitical developments for further direction.