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fxJul 20, 2026, 4:54 PM

AUD/USD Faces Resistance Near 0.7000, Uptrend Intact Above 200-Day SMA

The Australian Dollar's recovery against the US Dollar has stalled just above the 0.7000 level, with the pair struggling to break convincingly higher. However, the constructive outlook remains unchanged as long as it holds above its critical 200-day simple moving average.

AUDUSD

The Australian Dollar's recent recovery against the US Dollar has encountered resistance near the 0.7000 mark. AUD/USD is struggling to close above this psychological level in a convincing manner, indicating a potential pause in the bullish momentum.

Despite the resistance, the broader constructive outlook for the pair remains intact as long as it stays above its key 200-day simple moving average (SMA). The 200-day SMA serves as a critical support level that could determine the next directional move for the Aussie.

Source: FXStreet Forex News