audusd23042020

The AUD/USD pair rallied around 85 pips from the early swing lows and jumped to multi-day tops, around the 0.6365-70 region in the last hour.

A combination of factors assisted the pair to reverse the Asian session dip, rather attract some dip-buying near the 0.6280 support area and turn positive for the second consecutive session on Thursday. The market sentiment remained well supported by the passage of another $484 billion US economic support package by the US Senate and some follow-through recovery in crude oil prices.

A further improvement in the global risk sentiment, as depicted by a positive mood around the equity markets, extended some support to perceived riskier currencies, including the Australian dollar.

 

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