Aussie holds on to gains despite Australian data and downgrade. AUD/USD improves technical outlook after breaking last week highs. The AUD/USD pair broke above 0.6210/15 and climbed to 0.6237, reaching the highest level since March 16. The latest leg higher took place as equity prices in Wall Street extended gains. The Aussie remains among the top performer on Wednesday despite weaker than expected Australian data and the downgrade. Improvement in market sentiment The Dow Jones is rising 2.65% and the Nasdaq gains 2.15%. The decision of Bernie Sanders to end his 2020 presidential campaign boosted prices further. As US stocks printed fresh highs, AUD/USD rose further also supported by technical factors after breaking above the Tuesday and last week highs. Earlier on Wednesday, housing data in Australia came in below expectation, and S&P cut Australia’s credit rating outlook AAA from stable to negative. The aussie was affected only for a few minutes. The key driver in the weekly rally of AUD/USD is the improvement in market sentiment and a weaker US dollar across the board. The DXY is up 0.17% after trimming most of its daily gains and holding in positive territory because of the slide of EUR and CHF. Technical levels 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 Global economy forecast to contract 2.7% in 2020 – Wells Fargo FX Street 2 years Aussie holds on to gains despite Australian data and downgrade. AUD/USD improves technical outlook after breaking last week highs. The AUD/USD pair broke above 0.6210/15 and climbed to 0.6237, reaching the highest level since March 16. The latest leg higher took place as equity prices in Wall Street extended gains. The Aussie remains among the top performer on Wednesday despite weaker than expected Australian data and the downgrade. Improvement in market sentiment The Dow Jones is rising 2.65% and the Nasdaq gains 2.15%. The decision of Bernie Sanders to end his 2020 presidential campaign boosted prices further. As US stocks… Top 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.
