1/22/2021 3:42:53 PM GMT
Australian macroeconomic data indicated economic progress at the end of 2020.
US growth data and the Federal Reserve monetary policy decision in the spotlight.
AUD/USD consolidating near multi-year highs, a corrective slide is foreseen below 0.7640.
The AUD/USD pair has made little progress this week, ending it around the 0.7700 figure as investors struggled to maintain the optimism alive. Upbeat Chinese Gross Domestic Product released on Monday -the country reported the economy grew at an annualized rate of 6.5% in the last quarter of 2020- provided some support to the positive sentiment, but didn’t last. As the week developed, more social restrictions for longer took their toll on currencies.