The Aussie rose against the US Dollar at the start of the day, with an amount, above the 0.7650 price line. The advancement of the pair is a hope in a path of unpredictability in which the AUDUSD has encountered for the last few weeks.
On a technical perspective, the trend remains bullish due to the higher bull wave in the last upside price movement. The news that would be subject to the AUDUSD price appreciation, could be the output of the Commonwealth Bank (of December) which, will report on the January 5th, 2021, which, according to the economist’s view, will not alter compared to the month before data and stand at 57.4.
The Commonwealth Bank of Australia and the Markit Economics catch business conditions in the manufacturing sector and control a large part of the total GDP, concluding business conditions and the Australian economy as a whole.
Since the beginning of November, a development cycle has started, which is a positive indication of the financial soundness of the Aussie for the start of next year.
The Aussie is the largest supplier of yield providers and has the highest potential to cope with market challenges.
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