AUD/USD pair trades near 0.7400 area as the Greenback finds no respite. The pair could not significantly rise amid the hawkish tone of Fed. US PPI data and bonds yield can further influence the Aussie price action. The AUD/USD price analysis is bullish on Friday. The AUD/USD pair traded just below the 0.7400 area, wobbling during the first half of the European session. -Are you looking for automated trading? Check our detailed guide- Following a lack of direction in the previous session, the AUD/USD pair recovered its positive dynamics on the last day of the week and was supported by the general weakness in the US dollar. Moreover, as equity markets rebounded over the past few days, risk momentum eroded the safe-haven dollar and benefited Aussie. However, the bulls failed to capitalize on the move before they found a hurdle above 0.7400. In response to the fall in safe-haven demand, US Treasury yields rose sharply. With this and expectations of a tightening Fed policy, the AUD/USD pair enjoyed a tailwind and could not rise significantly. The Fed’s stimulus from the pandemic era is expected to be largely abandoned soon, investors believe. Michelle Bowman suddenly said that the Fed was about to announce tapering. It was in line with the hawkish statements made by various Fed officials this week. Get FREE Forex Signals Now! So, it is prudent to wait for a strong renewed uptrend before making new bullish claims and confirming the recent pullback. As the North American session begins, participants anticipate the US PPI coming out to gain short-term stimulus. As a result, the yield on US bonds could influence the dollar exchange rate. Additionally, traders can take advantage of short-term opportunities offered by the AUD/USD pair based on market risk sentiment. -If you are interested in forex day trading then have a read of our guide to getting started- AUD/USD price technical analysis: 20-SMA to support AUD/USD 4-hour price chart analysis The AUD/USD price is well above the 20-period SMA on the 4-hour chart. The price is facing a hurdle around 0.7400 area. However, the volume of the last two up bars is rising. The recent pullback may stay limited near the 20-period SMA. Fresh buying may emerge at these levels, and the rally can lead to a break above the 0.7400. On the downside, if the price breaks below the 20-period SMA, it may go for 200-period SMA around 0.7350. Looking to trade forex now? Invest at eToro! Trade Forex Now! 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal AUD/USD Daily Outlooks share Read Next Stellar Price Trades At $0.33 (+0.5%), How To Buy XLM Nancy Lubale 1 year AUD/USD pair trades near 0.7400 area as the Greenback finds no respite. The pair could not significantly rise amid the hawkish tone of Fed. US PPI data and bonds yield can further influence the Aussie price action. The AUD/USD price analysis is bullish on Friday. The AUD/USD pair traded just below the 0.7400 area, wobbling during the first half of the European session. -Are you looking for automated trading? Check our detailed guide- Following a lack of direction in the previous session, the AUD/USD pair recovered its positive dynamics on the last day of the week and was supported by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.