Highlights: China confirmed trade negotiations with the US in October, which is good but the weak data from Australia is not. The AUD/USD pair has maintained its trend and occupies positions above the level of 0.6800. The Aussie rebounded noticeably this week, rising above the 0.6700 mark, and continues to gain momentum for the third consecutive session. News on China confirmed the resumption of trade negotiations with the US in October. With the positive news related to trade, the market rated higher than weak data from Australia. The chart did not reflect changes in the country's trade balance, indicating that the surplus fell to AUD 7.268 million in July from 8.036 million in June (with the forecast of 7,400 million Australian dollars).
In addition, an increase in risk appetite provided an additional impetus for risky currencies. In general, the Aussie retains positive dynamics, and the conditions remain favorable. The currency confidently overcame the bar at 0.6800 and now, further growth is considered the most probable. Traders should pay attention to the ADP economic report on private sector employment and ISM non-productive PMI in the US, but the main decisions should be made on the basis of the Friday monthly US Employment Report (NFP).
