AUD/USD reclaiming 0.7200 as bidding interest takes a step higher

• Risk-bidding is back on for Friday, but the mood could change course quickly.
• The Aussie is finally seeing a reprieve from steady Greenback pressure.

AUD/USD is clipping over the 0.7200 major handle in the pre-Europe market window as broader market sentiment takes a last-minute turn higher and buyers try to wrestle control of the Aussie, while at the same time refreshed fears of a dovish Federal Reserve see the US Dollar taking a step lower.

The Dollar index (DXY) slipped to a session low of 93.32 for Friday, and risk appetite appears to be on the upside despite glaring question marks surrounding the US Fed’s interest rate path for 2019, as well as US-China trade talks which concluded with plenty of rhetoric this week, but anemic on the actual details; regardless, buyers are stepping into the fold in a meaningful way to cap off the trading week, sending AUD/USD to a new three-week high, and setting a new peak for January in the process.

AUD/USD Technical Levels