Forex market has many supports for the dollar, but trading volume is low when many investors are likely toward important New Year holiday. That’s why the market is so quiet.
U.S. dollar is considered to be more profitable than other currencies. Many experts predict FED may rise interest rates earlier than expectation. Pressure from the USD made the ausssie in the trading session last night be quite faint in the 0.8910/30 area.
This morning, the opening Asian session, Private Sector Credit increased 0.1% against the previous month (0.1% in reduction). The data met the expectation from investors and  a rare and good news this week published that helped the AUD recover its power. The currency is dealing at 0.8976.  In addition, gold is in the attractive area of buying 1096/1100, and will push up the aussie.
In the morning session, investors will carry out the strategy of buying 0.8950/80. If the rate is 0.8980, the AUD may increase to 0.9000. At the opposite trend, the aussie may range 0.8920/50.
Japan will close for holiday today, and European countries step into the moment to welcome the New Year. Therefore, the other currencies are trading slowly.
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