AUD/USD starts to edge higher ahead of American session. US Dollar Index retreats into negative territory near 90.30. Eyes on CB Consumer Confidence Index data from US. The AUD/USD pair edged lower during the Asian trading hours as the risk-off market environment helped the greenback outperform its rivals. With a positive shift in sentiment ahead of the American session, however, the pair gained traction and was last seen trading at 0.7733, where it was up 0.33% on a daily basis. USD struggles to find demand Earlier in the day, the US Dollar Index (DXY) advanced to a six-day high of 90.61 supported by safe-haven flows. Nevertheless, the sharp upsurge witnessed in major European equity indices made it difficult for the USD to preserve its strength and the DXY pares its daily gains. As of writing, the index was down 0.1% at 90.29. Later in the day, the Conference Board will release its Consumer Confidence Index data for January. Meanwhile, the S&P 500 Futures are up 0.15% on the day, suggesting that risk flows are likely to remain in control of financial markets in the second half of the day. On Wednesday, the Reserve Bank of Australia (RBA) will publish its inflation report. Investors expect the Trimmed Mean Consumer Price Index to remain steady at 0.4% on a quarterly basis in the fourth quarter. A lower-than-expected reading could be seen as a factor that would allow the RBA to keep its dovish stance and put the AUD under bearish pressure. Additionally, the National Bank of Australia’s Business Conditions Index will be featured in the Australian economic docket as well. 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 EU’s Dombrovskis: EU not planning to impose export ban or restrictions on vaccines FX Street 1 year AUD/USD starts to edge higher ahead of American session. US Dollar Index retreats into negative territory near 90.30. Eyes on CB Consumer Confidence Index data from US. The AUD/USD pair edged lower during the Asian trading hours as the risk-off market environment helped the greenback outperform its rivals. With a positive shift in sentiment ahead of the American session, however, the pair gained traction and was last seen trading at 0.7733, where it was up 0.33% on a daily basis. USD struggles to find demand Earlier in the day, the US Dollar Index (DXY) advanced to a six-day high of 90.61 supported… 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.