AUD/USD is trading near the upper limit of its weekly range. US Dollar Index posts small daily gains above 97.20. Market action is likely to remain subdued in the remainder of the day. The AUD/USD pair gained traction on better-than-expected macroeconomic data releases during the Asian trading hours on Friday and stretched higher in the European session. As of writing, the pair was trading at 0.6940, up0.25% on a daily basis. AUD capitalizes on upbeat data Earlier in the day, the data published by the Australian Bureau of Statistics revealed that Retail Sales in May surged by 16.9% after declining by 17.7% in April and provided a boost to the AUD. Moreover, Caixin Services PMI data in China jumped to 58.4 in June and beat the market expectation of 49.9. On the other hand, the US Dollar Index is moving sideways above 97.20 on Friday, keeping the pair’s upside limited for the time being. On Thursday, the US Bureau of Labour Statistics’ jobs report showed that Nonfarm Payrolls (NFP) in June surged by 4.8 million. Despite this impressive figure, rising coronavirus cases in the US didn’t allow risk-on flows to dominate the markets and the greenback stayed against its rivals. The DXY was last seen gaining 0.05% on the day at 97.25. Financial markets in the US will be closed due to the Independence Day holiday on Friday and the pair is likely to spend the second half of the day in a tight range. On a weekly basis, the pair remains on track to close in the positive territory. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brent Oil to reach $60 by end-2022 – Capital Economics FX Street 3 years AUD/USD is trading near the upper limit of its weekly range. US Dollar Index posts small daily gains above 97.20. Market action is likely to remain subdued in the remainder of the day. The AUD/USD pair gained traction on better-than-expected macroeconomic data releases during the Asian trading hours on Friday and stretched higher in the European session. As of writing, the pair was trading at 0.6940, up0.25% on a daily basis. AUD capitalizes on upbeat data Earlier in the day, the data published by the Australian Bureau of Statistics revealed that Retail Sales in May surged by 16.9% after declining… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.