The Australian dollar did rally a bit during the trading session on Thursday but as you can see, we continue to struggle to get above.
AUD/USD is testing the resistance level at 0.7760.
The dollar started the European session on the back foot Thursday, with riskier currencies in demand amid increased hopes for hefty U.S. stimulus measures as President Joe Biden moved into the White House. USD/JPY was down 0.1% at 103.41, after the Bank of Japan kept monetary policy unchanged earlier Thursday while revising up its economic forecast for next fiscal year. The dollar started the year on a firmer footing as U.S. Treasury yields rose on the back of expected greater borrowing to fund additional stimulus.