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AUD/USD rises back above 0.8800

FXStreet (Córdoba) - AUD/USD extended the recovery and rose back above 0.8800, approaching weekly highs that lie at 0.8832, as the US dollar weakened across the board.

From 1-week low to 2-day high

The pair bottomed during the Asian session at 0.8717, reaching the lowest price since October 16 and then rebounded and erased losses.

On European hours peaked at 0.8785 and recently broke above and jumped above 0.8800, hitting at 0.8813 the strongtes level since Wednesday. The pair remained near the highs, with bullish momentum.

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