Aussie downed by US dollar resurgence alongside Treasury yields. Bulls fail find support from the oil-price rebound, as gold slips. Eyes on Australian economic stimulus package and coronavirus updates. AUD/USD reversed almost a quarter of Monday’s recovery from a new decade low of 0.6320, as the bears fought back control amid a solid comeback staged by the US dollar across its main competitors. The resurgent US dollar demand across the board seems to be the main story heading into the European open, which dragged the Aussie pair back below the 0.66 handle, with several attempts to regain the latter sold-off despite the risk-on action in the Asian equities. The dollar surge is mainly associated to a massive rebound seen in the US Treasury yields following Monday’s dramatic fall induced by coronavirus fears and oil shock-led market havoc. Over the last hour, the spot has stalled its decline and consolidates losses around 0.6550, as expectations of the Australian economic stimulus package to offset the virus impact continue to keep the buyers hopeful that it will help stimulate the OZ economy. Further, the prices may also derive additional support should the oil-price recovery gain sustained momentum, as the correction in gold prices adds to the pressure on the commodity-linked currency, at the moment. Markets will keep a close watch on the virus-related development and risk trends for the near-term trading opportunity in the major. AUD/USD technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Trade balance figures deteriorated in January – UOB FX Street 3 years Aussie downed by US dollar resurgence alongside Treasury yields. Bulls fail find support from the oil-price rebound, as gold slips. Eyes on Australian economic stimulus package and coronavirus updates. AUD/USD reversed almost a quarter of Monday’s recovery from a new decade low of 0.6320, as the bears fought back control amid a solid comeback staged by the US dollar across its main competitors. The resurgent US dollar demand across the board seems to be the main story heading into the European open, which dragged the Aussie pair back below the 0.66 handle, with several attempts to regain the latter sold-off despite… 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.