The AUD/USD pair is facing pressure in overstepping the critical resistance of 0.6750 in the Tokyo session. Earlier, the Aussie asset displayed a recovery after dropping to near 0.6720. The major is needed to surpass the 0.6750 hurdle to extend its recovery, however, a recovery in the US Dollar index (DXY) is dampening optimism in the antipodean. The US Dollar index has recaptured the crucial resistance of 104.00 and is expected to re-test the two-day high around 104.20 as the festive mood is inspiring volatility in the global market. Anxiety among market participants is forcing them to hide behind the safe-haven. ... (full story)