AUD/USD continues to drop as risk sentiment sours. US Dollar is gaining strength at the same time. US Treasury yields are finding stability. The AUD/USD analysis remains broadly on the bearish side. The pair dropped to new lows at 0.7316, with a daily loss of 0.30% ahead of Tuesday’s European session. The risk barometer stalled near an annual low as sellers anticipated new traces of the boring RBA stance and the inaction of PBOC. However, the US dollar’s strength and concerns over the Delta variant have recently turned to the proposal. –Are you interested to learn more about scalping brokers? Check our detailed guide- The US Dollar Index (DXY) pushed bids up to 92.88, above a four-day uptrend close to a three-month high with a daily gain of 0.06%. In addition to virus concerns, the DXY bulls appear to have recently benefited from the hiatus after the US Treasuries stabilized near their lowest point in February. South Australia has announced a new seven-day closure, while Victoria will maintain operating restrictions for another week. In addition, minor Covid infections were reported in Sydney on Day 4 and a tweet from Australian Health Minister Greg Hunts reporting that Australia will be dropping a million doses of Pfizer vaccine per week. Get FREE Forex Signals Now! It is noteworthy that the updated infrastructure bills of US President Joe Biden concerned buyers of the US bonds. However, the US Treasury yields offered the press 1 basis point (bp) of 1.19% for 10-years bonds. On Wednesday, US Senate President Chuck Schumer announced a vote on the Infrastructure Act of US President Joe Biden. Elsewhere, the US has blamed China for a recent cyberattack, and elsewhere, it has also raised UK travel warnings. Stock futures are making a small profit in all of these games, but Asia Pacific stocks are still available, leaving hope for AUD/USD sellers. In addition to the above risk factors, the performance of the US real estate market and a steady upward trend are critical for the new direction. –Are you interested to learn about forex robots? Check our detailed guide- AUD/USD technical analysis: Sell on strength? AUD/USD bears need to close below 0.7340 for the day to target the lows of Nov 2020. The next target for the bears could be the peak of October at 0.7240. In the meantime, a corrective recovery towards the threshold of 0.7400 cannot be ruled out. AUD/USD 4-hour chart analysis The key moving averages on the 4-hour chart are pointing lower while the recent bars are extremely bearish. The volume is clearly bearish. Any upside effort will likely be shallow and may provide a selling opportunity to the market. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% 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 Bitcoin Price Forecast: Time To Buy BTC Before A Rebound? Gerald Fenech 5 months AUD/USD continues to drop as risk sentiment sours. US Dollar is gaining strength at the same time. US Treasury yields are finding stability. The AUD/USD analysis remains broadly on the bearish side. The pair dropped to new lows at 0.7316, with a daily loss of 0.30% ahead of Tuesday's European session. The risk barometer stalled near an annual low as sellers anticipated new traces of the boring RBA stance and the inaction of PBOC. However, the US dollar's strength and concerns over the Delta variant have recently turned to the proposal. -Are you interested to learn more about scalping brokers?… Top 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.