Recent developments have seen the US Dollar Index (DXY) gaining momentum, climbing to notable heights above the 108.00 mark. This rise comes despite a backdrop of weakening market sentiment prompted by disappointing economic indicators and increasing trade tensions. Notably, Durable Goods Orders in December plummeted by 2.2%, revealing a stark contrast to the anticipated 0.8%
Dhanam
In recent trading sessions, both the Australian Dollar (AUD) and New Zealand Dollar (NZD) have exhibited notable upward momentum against the US Dollar. This increase can be attributed to several technical indicators and support levels that have helped fortify the bullish trends in both currency pairs. This article delves into the recent performance of AUD/USD