AUDUSD rises to 0.67692 as the time of writing and the main drivers for these bullish AUD and other Risk-On assets mainly because of weaker USD across the board as well as Risk-Sensitive AUD supported by Today’s Hang Seng Index gains up 4.1%. Weaker USD technically will continue ahead of the US trading session until we see the US PPI data release where volatility are expected. Australia looking forward to have constructive dialogue with China during G20 meeting in Bali – Indonesia, which market will expect the easing China Zero-COVID Policy as the result of the dialogue.
Price-Action shown the critical 0.67 major level to hold if bullish want to stay alive where 100 DMA providing dynamic support level.
