- The Australian dollar closed the year with more gains against its US pair.
- Optimism in markets and dollar weakness support AUD / USD advance.
He AUD / USD is rising for the third day in a row on Thursday and has just extended the rally, hitting 0.7736, the highest level since April 2018. The price remains in the zone of the maximums, on the way to closing the year with a rise of 10%.
The rally continues to be supported by the general weakness of the dollar and the support of the bags near the recent highs. The dollar index (DXY) is trading at 89.60, having set new lows in two years in the Asian session.
The last day of the year is expected to be short and with tight liquidity conditions. In the US, the weekly report of requests for unemployment benefits will be published.
From a technical point of view, AUD / USD sustains bullish tone, despite the overbought indicators after three days of strong increases. Sustaining above 0.7700 would push away the chances of a downward correction. At 0.7765 / 75 is the next strong resistance.
Technical levels
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