AUD/USD gains 0.10% to trade above 0.6900 as the US Dollar softens, though upside remains constrained by a lack of strong bullish conviction in the market.
The AUD/USD pair edged higher during the Asian session amid modest USD weakness, though upside potential appears limited.
The AUD/USD pair climbed during Friday's Asian session, supported by a modest retreat in the US Dollar. Despite the overnight bounce from weekly lows, the pair struggles to gain significant momentum, trading just above the 0.6900 level.
The AUD/USD pair is moving higher primarily due to a softer US Dollar, which has allowed the Aussie to recover from its recent weekly range lows.