AUD/USD Recovers Near 0.6900 on US Dollar Profit-Taking

The Australian Dollar (AUD) is edging higher against the US Dollar (USD) on Friday, with the AUD/USD pair recovering near the 0.6900 mark. The move comes as traders take profits on the US Dollar ahead of the end of the semester, following a two-week rally in the Greenback. This profit-taking has allowed the AUD to recoup some intraday losses, though the broader picture remains unchanged. The recovery reflects short-term positioning rather than a fundamental shift in sentiment.