0337 GMT - The Australian dollar's bullish momentum against its U.S. counterpart is "clearly building," StoneX's Matt Simpson says in commentary. This buildup in bullish momentum is occurring within the Australian dollar-the U.S. dollar pair's recent consolidation, with a prominent swing low forming on the four-hour chart, the senior market analyst says. Now that the Australian dollar is back above US$0.7000, a bullish breakout above the currency pair's June 15 high may be on the cards, Simpson says. The Australian currency's mid-June high was US$0.7088, according to LSEG data. The Australian dollar is 0.3% higher at US$0.7015. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 23:37 ET (03:37 GMT)
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