Chart - Courtesy Trading View
AUD/USD was trading 0.08% higher on the day at 0.7334 at around 03:30 GMT, up from session lows at 0.7300.
Russia’s attack on Ukrainian nuclear plant triggered the latest risk-aversion wave as higher radiation levels and renewed Chernobyl fears.
On the data front overnight, US ISM Services PMI eased for the third consecutive month, while, Factory Orders came in positive.
Mixed Australian data provided little support. Australia’s Trade Balance was upbeat but Building Permits slumped in January.
Technical indicators support gains in the pair. Weekly close above 200-DMA will fuel further gains.
Focus now on US Non-Farm-Payrolls report for February. headlines concerning Ukraine and Russia will be crucial for price movements.
