AUD/USD hovers near 0.6600 as markets await Aussie’s Business, Consumer Confidence data

AUD/USD up due to better sentiment, USD dip amid mixed Wall Street results. US inflation steady; Fed's positive economy outlook influences currencies. US inflation, Australian consumer confidence data critical for economic assessment. The AUD/USD pair trades at 0.6604, virtually flat, as Tuesday’s Asian session begins. AUD/USD sees a modest uptick after gaining on Monday, ahead of US CPI Wall Street’s session concluded with a mixed bag of results.

On Australia’s front, market players would be entertained by the Westpac Consumer Confidence and the NAB Business Confidence, both figures from March. AUD/USD Price Analysis: Technical outlook On Monday, the AUD/USD had risen above a downslope resistance trendline at around the 0.6580/90 area, which opened the door for buyers to reclaim 0.6600. They’re gathering momentum, as depicted by the Relative Strength Index , aiming north, with enough room to enter overbought conditions.

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