The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday, marking a third consecutive day of upward momentum. Currently trading at an exchange rate of 0.6375, the AUD has benefitted from a stall in the USD's recovery efforts, as investors remain cautious amid fluctuating economic data from the US.
This strengthening of the AUD is further supported by positive market sentiment and commodities rallying, especially in the wake of rising prices for iron ore and gold. As the AUD/USD currency pair moves towards key resistance levels, traders are closely monitoring developments that could impact future trading, particularly looking for signals from upcoming economic reports and central bank announcements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.