05.05 - AUD/USD gained traction for the second consecutive session
- by George Solotarov
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.