Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
2025 Market Outlook: Key January Events to Watch 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Gas Market Poised for Supercycle: Bernstein Analysts 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
AUD/USD chart - Trading View
AUD/USD was trading 1.63% higher at 0.5920 at around 05:15 GMT after closing 0.32% higher in the previous session.
The pair has bounced off 88.6% Fib at 0.55 handle and is extending gains for the 3rd straight session.
Broad-based US dollar weakness is helping the pair upside. Greenback offered possibly in response to the Federal Reserve's unlimited QE commitment.
The Aussie dollar is also gathering pace amid improved market sentiment as the RBA is also injecting liquidity to stabilize markets.
'Spinning Top' and 'Bullish Divergence' raise scope for upside in the pair. Stochs and RSI are on verge of rollover into neutral.
Price action is holding above 5-DMA and intraday bias has turned neutral. Breakout above 200H SMA could reinforce upside in the pair.
Next major resistance above 200H SMA lies at 21-EMA at 0.6212. Retrace below 5-DMA negates any upside bias.
