Australian Dollar Price Forecast: The siege of 0.7000
The Aussie Dollar is still looking for a fresh catalyst to resume its upward trend, which began in late March and appears to have lost momentum ahead of the 0.7300 hurdle in early May.

The Aussie Dollar is still looking for a fresh catalyst to resume its upward trend, which began in late March and appears to have lost momentum ahead of the 0.7300 hurdle in early May.
A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday.
Gold is languishing within striking distance of the weekly low near $4,120, reached last week, as sellers retain control at the start of a new week on Monday.
A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday.
The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark.
Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party.