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The Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) could gain ground on improved Treasury yields.
The AUDUSD pair is breaking out of the trendline. What’s next?
After hitting an interim low in October last year, AUD/USD and NZD/USD have recovered somewhat, but are still trading well below last year's interim highs.
The Australian Dollar (AUD) relinquished its intraday gains and slipped into negative territory following the release of downbeat Australian Employment data on Thursday.
On Thursday, the AUD/USD pair traded near 0.6520, marking a gain of 0.40% mainly driven by the report of weak economic data from the United States (US).