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The AUD/USD pair has struggled to maintain momentum after reaching a 3-month high of 0.7150 earlier this month, currently trading in a narrow range. Analysts suggest this consolidation reflects uncertainty around Australia's economic data and global risk sentiment. The lack of clear direction may limit volatility for forex traders, with key support near 0.6950 and resistance at 0.7150. This range-bound pattern could persist until clearer macroeconomic catalysts emerge.
