AUD/USD lifted into 0.7060 on trade hopes

• AUD catching thin buying action on trade hopes.
• Overall markets remain subdued for holidays.

AUD/USD caught a mild bid heading through the year’s end trading window, rising to an intraday high of 0.7067 as investors begin to allow themselves a bit of hope for successful trade talks between the US and China.

Trump tweets from the weekend on China and trade

Though investors are looking confident heading into the break of 2019, little concrete evidence of progress on talks has yet to be seen, but the Antipodean is managing to build mild support regardless, climbing from the day’s opening lows near 0.7040, though the Aussie remains firmly buried within near-term consolidation as broader markets look set to take the New Years holiday off, and Pacific-Asia investors could see a rush of cash returning to the markets for the second half of the week.

AUD/USD Technical Levels