5/2/2021 9:33:03 PM GMT | By Anil Panchal
AUD/USD defends short-term trading range after the heaviest monthly gain of 2021.
US dollar gained on Friday amid covid fears, looming uncertainty over Biden’s stimulus.
Mixed PMI from China, month-end moves also weighed on the quote.
Second-tier Aussie data, risk catalysts will be the key, off in China, Japan can restrict market moves.
AUD/USD picks up bids around 0.7720, struggles to recover from short-term range support, amid the early Monday morning in Asia. The Aussie pair marked the biggest monthly gain in 2021, despite the recent pullback, in April. The downward pressure remains present at the start of May even as buyers defend 0.7700.
Apr 1, 2021 02:51 GMTFXStreet News
AUD/USD bounces off fresh following its drop to the lowest in a week.
Australia’s trade surplus eased, Retail Sales recovered in February.
Greater Brisbane lockdown will be off from today, no new covid cases in NSW.
Business groups pour cold water on the face of Biden’s infrastructure spending plan.
Following its drop to the one-week low, AUD/USD recovers from 0.7579 to 0.7590 during Thursday’s Asian session. In doing so, the quote struggles to justify mixed data from Australia and confusing signals on risk catalysts but respects the latest optimism concerning the coronavirus (COVID-19) at home.