AUD/USD Bulls Test 0.7100 Barrier Amid Balanced Outlook
The AUD/USD is trading near 0.7070 on August 14th after a slight recovery from June's short-term weakness.
The Australian dollar is being supported by its wide policy-rate advantage and improving price structure, but resistance around 0.7100 keeps the outlook balanced.
A recent July advance has not yet produced a decisive breakout, with price consolidating below the first meaningful resistance zone at 0.7100.