AUD/USD trades back to 0.8870 after reaching 0.8885 as 1-week high The Aussie has been trading higher today's session against the Greenback on the back of the gold moving up during the Asian session. The AUD/USD has rising around 60 pips in the early Asian morning from 0.8825 to reach the highest level since December 21 at 0.8885.
After that, AUD/USD has traded back to use 0.8870 as support and it has bounced to the current 0.8880, reaching 0.35% gains so far today from opening price action at 0.8850.
“AUD/USD was the lone exception as bidders took advantage of the thinned market and pushed the pair from 0.8830 to 0.8885 highs on the day.
Gold also made a nice move higher, gaining almost $5 in value to $1113.00 highs on the day... Expect volatility to increase as liquidity thins still further into the end of the year and for trading conditions to remain extremely choppy. There is no data due up in London.”
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