AUDUSD05052020The AUD/USD pair edged higher through the Asian session and is currently placed near the top end of its daily trading range, just above mid-0.6400s.

The pair built on the previous session's intraday bounce from one-week lows and gained some follow-through traction for the second consecutive session on Tuesday amid a turnaround in the global risk sentiment.

As governments started easing coronavirus-induced lockdowns, investors started pricing in the idea that the worst might already be over and that things are improving. This, in turn, boosted investors' confidence.