The AUDUSD pair’s most recent run-up towards multi-day highs catches a breath around 0.6818-22 earlier today. The pair appears to struggle in clearing the 0.6820/30 key resistance area.

That will be the key level to watch out during the current week and buyers need to hold a firm break over that to broaden the upside momentum further from here.

The AUD is the best performer among major currencies today because of restored optimism in US-China trade talks. That is initiating to boost risk appetite on markets.

Notwithstanding, yields might be another factor that could keep on helping drive the AUD higher still for the time being.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.