AUD/USD remains under bearish pressure in the American session. USD preserves its strength against its rivals on Thursday. AUD/USD looks to close fifth straight day in the negative territory. After extending its slide during the Asian session on Thursday, the AUD/USD pair stayed in a consolidation phase near 0.7070 during European trading hours but lost its traction in the second half of the day. As of writing, the pair was trading a little above the two-month low it set at 0.7016, losing 0.75% on a daily basis. DXY rally continues on Thursday In the absence of significant macroeconomic data releases from Australia, the USD’s market valuation remained the primary driver of AUD/USD’s movements. The US Dollar Index (DXY) rose more than 1% during the first half of the week and stretched higher on Thursday. At the moment, the DXY is up 0.23% on the day at 94.56. Earlier in the day, the data from the US showed that weekly Initial Jobless Claims edged higher to 870,000 from 866,000 but was largely ignored by the market participants. Additionally, the US Census Bureau reported that New Home Sales in August rose by 4.8% and beat the market expectation for a decline of 1% by a wide margin. Meanwhile, Wall Street’s main indexes are trading little changed on the day, pointing out to a cautious market mood that makes it difficult for the risk-sensitive AUD to recover its losses. On Friday, Durable Goods Orders from the US will be the last data of the week that could potentially impact the greenback’s performance. 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 Fed’s Powell: Evictions, mortgage defaults could increase without further fiscal support FX Street 2 years AUD/USD remains under bearish pressure in the American session. USD preserves its strength against its rivals on Thursday. AUD/USD looks to close fifth straight day in the negative territory. After extending its slide during the Asian session on Thursday, the AUD/USD pair stayed in a consolidation phase near 0.7070 during European trading hours but lost its traction in the second half of the day. As of writing, the pair was trading a little above the two-month low it set at 0.7016, losing 0.75% on a daily basis. DXY rally continues on Thursday In the absence of significant macroeconomic data releases… 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.