AUD/USD pushing higher towards 0.77 on the Daily Chart

newzeeland_dollarAUD/USD (current price: 0.7665)

The Australian Dollar is still among the strongest currencies among the majors, as it remained strong yesterday amid the risk-off sentiment, and marched higher so far today as well despite the weakness in commodities, and the rebound in the USD. With no major economic releases coming out from Australia this week, the movements in commodities and the change in global sentiment might be the most important factors for the Aussie in the coming days.

Our assessment: AUD/USD drifted above the crucial 0.7650 level this morning, as the cross remains relatively strong and the Dollar continues to be volatile.

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