AUD/USD trims gains near one-month highs as the 100-day SMA acts as a persistent technical ceiling, forcing the pair into a short-term consolidation range above 0.7000.
AUD/USD holds above 0.7000 but faces repeated rejection at the 100-day SMA, indicating consolidation with a neutral-to-bullish bias.
The AUD/USD pair retreated from one-month highs during Tuesday's session as it struggled to break through the 100-day Simple Moving Average. The currency pair remains in a consolidation phase, maintaining a neutral-to-bullish bias while holding support above the 0.7000 psychological level.
The pair is facing repeated technical rejection at the 100-day Simple Moving Average, which is preventing further gains toward higher resistance levels.