Broker of the Week Oanda - Read Full Review

Free Top Brokers Comparison Service

HELP ME CHOOSE START QUIZ

AUD/USD leaps to session tops near 0.7760

[ad_1]

  • AUD/USD jumps to daily tops near 0.7760.
  • Risk appetite wakes up and lifts the pair.
  • Markets’ focus is now on Biden’s speech and probable announcements.

The sudden drop in the greenback lifts AUD/USD to the area of daily/weekly highs around 0.7760 on Wednesday.

AUD/USD looks to risk trends, Biden

AUD/USD adds to Tuesday’s gains and now navigates 3-day highs near 0.7760 following the moderate improvement in the risk complex.

In fact, the weakness surrounding the dollar has accelerated as Inauguration Day is under way and ahead of the speech by President Biden later in the session.

In the domestic docket, the Consumer Sentiment gauged by Westpac deteriorated to -4.5 for the current month. Moving forward, the December’s labour market report is due on Thursday, with the jobless rate expected to ease to 6.7%.

AUD/USD levels to watch

At the moment the pair is advancing 0.63% at 0.7741and a break above 0.7760 (weekly high Jan.20) would aim for 0.7820 (2021 high Jan.6) and finally 0.8000 (psychological level). On the downside, immediate contention emerges at 0.7658 (weekly low Jan.18) seconded by 0.7642 (2021 low Jan.4) and then 0.7492 (55-day SMA).

[ad_2]

Source link

We will be happy to hear your thoughts

Leave a reply

Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

Advertiser Disclosure: Brokerspilot.com helps investors across the globe by spending over hours each month testing and researching online brokers.

How do we make money? Our partners compensate us through paid advertising.

While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.

Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective.

While Brokerspilot.com has some data verified by industry participants, it can vary from time to time.

Operating as an online business, this site may be compensated through third-party advertisers.

Our receipt of such compensation shall not be construed as an endorsement or recommendation by Brokerspilot.com, nor shall it bias our reviews, analysis, and opinions.

en_USEnglish
Best Forex Brokers Reviews
Logo
Reset Password
Compare items
  • Total (0)
Compare
0