AUD/USD Reaches 3-years Highs

Strong buying interest around the AUD/USD has pushed the pair to cross the crucial 0.8000 barrier for the first time since February 2018.

The reflation pattern is gaining some momentum in Europe, which reflects risk trends with hopes about the US fiscal stimulus and the Corona vaccine, which boosts the appetite for more risk and affects the US dollar negatively as it is a safe haven.

to be updated …