The Aussie Dollar's recovery appears to have met some resistance in the 0.7070-0.7080 band against the US Dollar so far. Looking at the broader picture, the RBA’s cautious stance and still sticky domestic inflation are expected to keep underpinning the Aussie on occasional bouts of weakness. Meanwhile, the labour market remains healthy. Short covering eases the bearish pressureSpeculative positioning on the Australian Dollar improved in the week to August 4. For now, the 200-day SMA remains the key zone.