AUD/USD Forecast: Remains Confined To Tight Intraday Ranges Near 2020 Highs
Share: The Australian dollar held on to higher ground despite falling equities. Iron ore futures plummeted after reaching fresh multi-year highs last week. AUD/USD remains confined to tight intraday ranges near 2020 highs. The AUD/USD pair is ending the day unchanged around the 0.7540 level but managed to post a fresh 2020 high of 0.7577. The pair remained confined to a tight intraday range despite the greenback’s swings against other rivals. Falling iron ore futures limited the aussie’s bullish potential, as the metal tumbled from fresh multi-year highs. On a positive note, the Austral...