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fxJun 18, 2026, 3:34 PM

AUD/USD Holds Near 0.7030 as US Labor Data Supports USD

The Australian Dollar trades in a narrow range against the US Dollar on Thursday, with AUD/USD hovering around 0.7030. US jobless claims data points to a steady labor market, providing support for the greenback.

AUDUSD

The AUD/USD pair remained range-bound near the 0.7030 level during Thursday's session. The Australian Dollar failed to sustain gains as the US Dollar found support from the latest US labor market data.

Initial jobless claims in the US came in line with expectations, indicating a steady employment situation. This bolstered the USD and kept the Aussie from advancing further. Market participants are now watching for additional catalysts that could break the currency pair out of its current consolidation pattern.

Technical levels show resistance near 0.7050 and support around 0.7000. The near-term bias remains neutral until clearer directional signals emerge from both macro data and central bank commentary.

Source: FXStreet Forex News