Positive momentum points to further upside

AUD/USD holds firm near a two-and-a-half-month high on Wednesday, supported by broad US Dollar (USD) weakness, while technical indicators point to further upside. At the time of writing, the pair trades around 0.7118, up 0.43% on the day, after reaching an intraday high of 0.7129. The US Dollar Index (DXY), which gauges the Greenback’s value […]

Australian Dollar ticks up from intra-week lows with all eyes on Fed minutes

The Australian Dollar (AUD)has bounced up from intra-week lows against the US Dollar (USD) on Friday, although the daily chart remains negative. The AUD/USD pair struggles to regain a previous support area above 0.7080 at the time of writing, after finding support at the 0.7065 area earlier on the day. The Greenback is giving away […]