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AUD/USD Eyes Key Ceiling as US Dollar Slides Deeper into 2-Year Low – DailyFX

AUD/USD is flirting with key resistance and is in part being aided by strong risk appetite and relentless selling pressure in the US Dollar.

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AUD/USD, Australian Dollar, US Dollar, Stock Markets TALKING POINTS

  • US Dollar selling pressure persisting despite a rising number of geopolitical risks
  • Stocks rose after housing data showed remarkably better-than-expected statistics
  • AUD/USD near multi-month swing-high as RSI divergence shows worrying signs

Wall Street equity markets mostly closed higher, with the S&P 500 and Nasdaq indexes up 0.23 and 0.73 percent, respectively. The latter closed at another …

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