AUD/USD is falling sharply in the second half of the day. Wall Street’s main indexes are posting large losses. US Dollar Index rises toward 90.00 on risk aversion. The AUD/USD pair started the new year on a firm footing and came within a couple of pips of the multi-year high it set at 0.7743 last week. However, the souring market forced the pair to decline sharply in the second half of the day. As of writing, AUD/USD was down 0.65% on the day at 0.7653. DXY turns north as investors seek refuge Ahead of the first risk event of 2021, the runoff election for two Senate seats in Georgia, investors seem to be moving to the sidelines. Additionally, the surging number of COVID-19 infections, especially in Europe, revive concerns over nationwide lockdowns hurting the global economic recovery. Reflecting the negative shift in sentiment, Wall Street’s three main indexes are down more than 2% after opening at fresh all-time highs. Meanwhile, the US Dollar Index is virtually unchanged on the day at 89.90 with the greenback finding demand as a safe-haven. There won’t be any macroeconomic data releases from Australia on Tuesday and the risk perception is likely to remain as the primary driver of financial markets. Later in the day, the ISM Manufacturing PMI report will be featured in the US 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 GBP/JPY back below 140.00 again after hitting three-month highs above 141.00 FX Street 1 year AUD/USD is falling sharply in the second half of the day. Wall Street's main indexes are posting large losses. US Dollar Index rises toward 90.00 on risk aversion. The AUD/USD pair started the new year on a firm footing and came within a couple of pips of the multi-year high it set at 0.7743 last week. However, the souring market forced the pair to decline sharply in the second half of the day. As of writing, AUD/USD was down 0.65% on the day at 0.7653. DXY turns north as investors seek refuge Ahead of the first risk event of 2021,… 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.