Aussie stands tall amid risk-off, tracks the surge in Kiwi. The T-yields crash and dollar slump underpin the AUD. Sell-off in oil and gold prices keep the upside capped. Having hit a fresh two-week high at 0.6658 earlier this Friday, AUD/USD has entered a phase of consolidation in the US session, now trading around 0.6630, up 0.30% on the day. The upside in the Aussie is mainly driven by the massive rally in the NZD/USD pair amid a broad-based US dollar sell-off. The greenback tumbled alongside the US Treasury yields, as investors flocked to alternative higher-yielding assets, the Antipodeans, thereby bumping up their demand. However, the further gains in the spot remain limited by the risk-off trading in the global stocks, as the coronavirus count rises rapidly across the globe and spooks investors. Also, the slump in oil prices, amid a fallout in the OPEC+ meeting to extend the oil output cuts, kept a lid on commodity-linked currency, the AUD. Meanwhile, the bulls also remain concerned by the sharp reversal in gold prices from seven-year highs, in the wake of demand for liquidity amid falling equities. The side trend is likely to extend into the NY close, as the upbeat US NFP data did little to deter the Aussie bulls. AUD/USD technical levels to consider 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 UAE OilMin: Today’s meeting doesn’t mean the end of OPEC+, next OPEC meet in June FX Street 3 years Aussie stands tall amid risk-off, tracks the surge in Kiwi. The T-yields crash and dollar slump underpin the AUD. Sell-off in oil and gold prices keep the upside capped. Having hit a fresh two-week high at 0.6658 earlier this Friday, AUD/USD has entered a phase of consolidation in the US session, now trading around 0.6630, up 0.30% on the day. The upside in the Aussie is mainly driven by the massive rally in the NZD/USD pair amid a broad-based US dollar sell-off. The greenback tumbled alongside the US Treasury yields, as investors flocked to alternative higher-yielding assets, the Antipodeans, thereby… 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.