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Australian Building Approvals for November came in better than expected overnight. Positive Chinese business sentiment and stabilization in yuan is also what has contributed to the recent strength in the Aussie.
From just below 0.7160 in December, the pair rose to 0.7355 before Friday's U.S. NFP report. 50 DMA is the next target and then 0.7450 - 0.75 band. Stronger demand may be waiting near 0.7250.
From just below 0.7160 in December, the pair rose to 0.7355 before Friday's U.S. NFP report. 50 DMA is the next target and then 0.7450 - 0.75 band. Stronger demand may be waiting near 0.7250.