AUD Holds Steady Ahead of RBA Governor Bullock's Key Speech

The Australian Dollar (AUD) has stabilized near 0.7060 against the US Dollar (USD), as market participants await RBA Governor Michele Bullock's speech for clues on interest rates.

Bullock's remarks are expected to provide insight into the future path of interest rates, which will have a significant impact on the currency valuation.

The AUD/USD pair has been range-bound in recent sessions, with key support and resistance levels at 0.7060 and 0.7100 respectively.

Market analysts will also be monitoring upcoming Australian employment data and US inflation figures, which could influence the pair's direction.