AUD/USD continues to push higher during the American session. US Dollar Index edges lower as market mood improves. Upbeat market mood makes it difficult for USD to find demand. The AUD/USD pair preserved its bullish momentum during the American trading hours and reached a daily high of 0.7638. As of writing, the pair was up 0.65% on the day at 0.7628. Despite Friday’s rebound, AUD/USD remains on track to end the week in the negative territory. Renewed USD weakness in the second half of the day allowed AUD/USD to push higher. With Wall Street’s main indexes opening the last day of the week higher, the US Dollar Index (DXY) turned south and dropped to a daily low of 92.64. Currently, the S&P 500 Index is up 0.67% on the day at 3,935 and the DXY is losing 0.15% at 92.70. The data from the US showed that Personal Income and Personal Spending in February declined by 7.1% and 1%, respectively. Additionally, the US Bureau of Economic Analysis reported that the Core Personal Consumption Expenditures (PCE) Price Index  edged  lower to 1.4% on a yearly basis from 1.5% in January. Finally, the University of Michigan’s Consumer Sentiment Index rose to its highest level in a year at 84.9 in March’s final reading. Nevertheless, investors showed little to no reaction to these figures. AUD/USD technical outlook UOB Group analysts think that AUD/USD’s bearish outlook  remains intact as long as the pair does not move above 0.7680.  “While there is no change in our view for now, oversold shorter-term conditions could lead to a couple of days of consolidation first,” analysts further noted. “Looking ahead, a break of 0.7560 (note that AUD dropped to 0.7564 during NY hours) would shift the focus to 0.7510.” Additional 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 USD/MXN Price Analysis: Mexican peso gains after Banxico, still faces negative outlook FX Street 1 year AUD/USD continues to push higher during the American session. US Dollar Index edges lower as market mood improves. Upbeat market mood makes it difficult for USD to find demand. The AUD/USD pair preserved its bullish momentum during the American trading hours and reached a daily high of 0.7638. As of writing, the pair was up 0.65% on the day at 0.7628. Despite Friday's rebound, AUD/USD remains on track to end the week in the negative territory. Renewed USD weakness in the second half of the day allowed AUD/USD to push higher. With Wall Street's main indexes opening the last day… 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.