AUD/USD back to daily highs after ADP, BCE and PMI

FXStreet (Córdoba) - During the Asian session AUD/USD rose to 0.7818, reaching the strongest level in a week supported by growth numbers from Australia. Afterwards pulled back and found support at 0.7750, where it bounced back to the upside, after the release of US economic reports and the European Central Bank decision and press conference.

Currently the pair is trading back above 0.7800 and is testing Asian session highs located slightly below 0.7820.

AUD/USD rally continues

The pair is rising for the second day in a row as it continues to recover after falling on Monday to 0.7600, the lowest level in more than a month. A conjunction of a stronger aussie and a weak US dollar continue to be supportive for the a bullish outlook in the short term for the pair.