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AUDUSD trades to new session high as higher stocks spur on "risk-on" flows

The US stocks are finding a bid after the better than expected consumer confidence data. The NASDAQ is up 164.0 or 1.56 percent at 10711.24. The S&P index is up 56 points or 1.49%. The Dow Industrial Average is up 531 points or 1.62%.

The higher stocks have attracted risk on flows in the AUDUSD pair. The pair is trading to a new high in the processes testing the 38.2% retracement of the move down from last week's high to the low price reached yesterday. That level comes in at 0.67294. T... Read More

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Posted: Dec 21 2022, 15:46

Author Name: forexlive

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