Jan 25, 2021 21:57 GMTFXStreet News
AUD/USD is consolidating around the 0.7700 level as the US session draws to a close.
Some market commentators/analysts attributed early outperformance in AUD to strong trade numbers and positive vaccine news.
AUD/USD has seen two-way trade on the first trading day of the week, initially rallying towards the 0.7750 mark from Asia Pacific opening levels in the 0.7710s, before then briefly falling back beneath the 0.7700 level during US trading hours, around which area spot prices have proceeded to consolidate.
On the day, AUD/USD trades broadly flat. Trade volumes are dropping off now the US session is coming to an end, but will likely pick up soon on the arrival of Asia Pacific market participants.
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