AUD/USD rebounds after slumping to fresh monthly lows. US Dollar Index continues to push higher toward 94.00. The upbeat market mood helps AUD stay resilient against USD. The AUD/USD pair dropped to its lowest level since late September at 0.7010 on Thursday but staged a rebound in the second half of the day supported by risk flows. As of writing, the pair was virtually unchanged on a daily basis at 0.7046. The broad-based USD strength forced the pair to push lower ahead of the American session. However, the upbeat market mood, as reflected by the decisive rebound witnessed in Wall Street’s main indexes helped the risk-sensitive AUD find demand. At the moment, the S&P 500 Index is up 0.9% on the day. Earlier in the day, the US Bureau of Economic Analysis’ first estimate showed that the real Gross Domestic Product (GDP) in the US expanded by 33.1% on a yearly basis in the third quarter. This reading came in higher than the market expectation of 31% and helped market sentiment improve. DXY extends rally toward 94.00 On the other hand, the US Dollar Index (DXY) continues to push higher amid the heavy selling pressure surrounding the EUR after the European Central Bank announced that it will take policy action in December. With the DXY gaining nearly 0.5% at 93.86, AUD/USD’s upside remains capped for the time being. In the early trading hours of the Asian session on Friday, Private Sector Credit and Producer Price Index (PPI) data will be featured in the Australian economic docket. 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 Litecoin price prepares for a multi-month breakout despite on-going correction FX Street 2 years AUD/USD rebounds after slumping to fresh monthly lows. US Dollar Index continues to push higher toward 94.00. The upbeat market mood helps AUD stay resilient against USD. The AUD/USD pair dropped to its lowest level since late September at 0.7010 on Thursday but staged a rebound in the second half of the day supported by risk flows. As of writing, the pair was virtually unchanged on a daily basis at 0.7046. The broad-based USD strength forced the pair to push lower ahead of the American session. However, the upbeat market mood, as reflected by the decisive rebound witnessed in Wall Street's… 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.