- The dollar loses momentum late on Friday after the WSJ report.
- AUD/USD rises from multi-day lows to 0.6330.
The AUD/USD pair turned positive on the day after bouncing over a hundred points from four-day lows. The pair rose from around 0.6200 to 0.6333, hitting a fresh daily high on the back of dollar weakness.
The dollar fell across the board following a WSJ report mentioning a debate at the next FOMC meeting on how to continue raising interest rates. DXY pulled back from the highs and trimmed daily gains. The report also boosted shares on Wall Street, helping commodity prices as well.
Despite the sharp moves in AUD/USD, it is still trading in a range between 0.6340 and 0.6200. A break above 0.6350 should open the door for more gains in the very short term.
AUD/USD 4-hour chart
Source: Fx Street
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