The Aussie lifted for the first half of Wednesday's trading, trading up through Asia and the first half of the European session, but dragged lower to finish off the day. Now the AUD heads into Thursday's early session on the backfoot after failing to hold the 0.7900 handle. Risk aversion is still the name of the game this week, with continuing drama from the White House as markets deal with the revolving door of Trump's administration.
The AUD/USD pair is trading quietly after getting punished in the last half of Wednesday's trading and is currently testing the waters around 0.7875 ahead what will likely be a quiet Thursday.
See the current price conversion at https://alpari.com/en/analytics/currency/converter/AUD-USD/