- AUD / USD is managing to rise for the fifth time in the last six sessions.
- Dollar weakness continues to be a key factor.
- Ahead: ADP report and minutes from the last Fed meeting.
After passing the Asian session in a narrow range below 0.7800, the AUD / USD gained momentum during the European session and touched its highest level since March 2018 at 0.7819. It remains in positive territory and operates at 0.7810, up 0.70%.
DXY extends recoil
Persistent selling pressure surrounding the dollar and market optimism (more cautious on Wednesday) are helping AUD / USD preserve its bullish momentum. In Europe, optimism is more marked in the stock markets, even despite the negative review of PMI’s Markit data.
He US Dollar Index (DXY), which closed the previous two days in negative territory, fell to 89.20, the lowest level since March 2018. The greenback threatened a recovery after the trend in the elections for the US Senate became known, but then resumed the bearish run.
He The market will continue to pay attention to the impact of the electoral results. Regarding data, the private sector employment report from ADP, the factory orders and the minutes from the last Federal Reserve meeting.
Earlier, data from Australia showed that the Commonwealth Bank’s services PMI for December declined modestly to 57, below the consensus of 57.4. The die had no impact on the Aussie.
Technical levels
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