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AUD/USD chart - Trading View
AUD/USD was trading 0.11% higher on the day at 0.7765 at around 04:45 GMT.
The pair is consolidating previous session's surge, where the pair closed over 1.25% higher at 0.7757.
Price action has hit fresh multi-year highs and technicals are biased higher, scope for further gains.
On the data front, Chinese December Caixin Services PMI printed at 56.3, missing expectations at 57.9 and compared to previous 57.8.
Caixin Composite PMI came in at 55.8 (previous 57.5). Business confidence meanwhile remained robust and improved to the highest since April 2011.
Markets await final outcome of the Georgia run-off, with a potential Democrats control of the US Senate which could dent USD, pushing the pair higher.
Technical support gains. The major is on track to test 88.6% Fib at 0.7836. 21-EMA is strong support at 0.7588. Bullish invalidation below 200-DMA.
