Australian Dollar Outlook: AUD/USD Unfazed by Falling Westpac Confidence 2021-01-20 00:00:00 Thomas Westwater, Analyst Australian Dollar, AUD/USD, Covid, Westpac Consumer Confidence – Talking Points Asia Pacific trading may see a slight risk-on tone after Wall Street rises Australia’s Westpac Consumer Confidence gauge fell 4.5% for January AUD/USD up on USD weakness, Symmetrical Triangle taking shape The Nasdaq Composite led the charge higher on Tuesday with a 1.53% gain, as Wall Street resumed trading after the extended holiday weekend. All major US indexes closed in the green, with the S&P 500, Dow Jones Industrial Average, and Russell 2000 rising by 0.81%, 0.38%, and 1.32%, respectively. The risk-on session was prompted by strong earnings results, stimulus hopes, and vaccination distribution efforts. Gold moved above the 1840 handle, bolstered by a weak US Dollar.