US Dollar rises across the board amid risk aversion, DXY hits weekly highs. AUD/USD extends correction from monthly highs, down for the third-day in-a-row. A stronger US Dollar pushed AUD/USD further to the downside. The pair broke below 0.6825 and fell to 0.6813, reaching a fresh weekly lows. As of writing, it stands near the bottom, under pressure. The Greenback gained momentum following a better-than-expected reading on the US Purchasing Managers’ Index (PMI) that showed an improvement in economic activity. The Manufacturing PMI came in at 51.5 above the 50.7 of market consensus. The US Dollar Index broke above 97.55 and jumped to 97.75, the highest level since October 17. It is up 0.25%, testing the daily high. Among commodity currencies the Kiwi so far is the worst performer. During the American session the demand for safe haven assets increased favoring the US Dollar, Gold and the Japanesse Yen. With no more US data to be released today, attention might turn now to Brexit headlines and US Vice-president Pence speech about China. Form a technical perspective, AUD/USD remains bearish in the short-term and will likely continue unless it rises back above 0.6850, breaking a downtrend line. On the downside, the next support is seen around 0.6805. The 20-day moving average at 0.6798 is another critical level, a close below would point to further losses. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Pace of new home sales is strengthening – Wells Fargo FX Street 3 years US Dollar rises across the board amid risk aversion, DXY hits weekly highs. AUD/USD extends correction from monthly highs, down for the third-day in-a-row. A stronger US Dollar pushed AUD/USD further to the downside. The pair broke below 0.6825 and fell to 0.6813, reaching a fresh weekly lows. As of writing, it stands near the bottom, under pressure. The Greenback gained momentum following a better-than-expected reading on the US Purchasing Managers' Index (PMI) that showed an improvement in economic activity. The Manufacturing PMI came in at 51.5 above the 50.7 of market consensus. The US Dollar Index… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
