AUD/USD continues its retreat from the two-week high and loses its rebound from the intraday low. The US 10-year Treasury yield remains near a three-year high, while Australian bond coupons rose to their highest level since 2018. The sentiment is being pressured downward by the Ukraine-Russia crisis and the Fed’s dovish stance. Fed policymakers said risk catalysts will be crucial to monitor the new momentum. The AUD/USD forecast turns neutral to bullish as the pair fails to surpass the 0.7400 mark and slowly retreats towards 0.7350-60. –Are you interested in learning more about STP brokers? Check our detailed guide- Positive sentiment and rising yields support the greenback as AUD/USD sellers attack daily lows near 0.7380. On the other hand, the risk barometer pair declines from a two-week high. Soaring treasury yields As of May 2019, the bid price is nearing 2.328%, a new high for the 10-year Treasury yield. The coupon rates on Australian 10-year bonds have also risen significantly since November 2018. Fed’s hawkishness A hawkish Fed policymaker’s remarks led to multi-day high bond coupons. In an indirect indication of a speeding up of interest rate hikes, Atlanta Fed Presidents Bostic and Richmond Barkin touted the Federal Reserve’s ability to control inflation on Tuesday. However, Fed chair Jerome Powell’s comments that “the Fed will raise rates by more than 25 basis points if necessary” provided significant impetus for Treasury coupons. Changnyeong Rhee, Asia-Pacific Director of the International Monetary Fund (IMF), commented at the bond sale, saying, “The US has leeway to raise interest rates.” Interest rates will peak in the second quarter of this year. Russia-Ukraine saga Furthermore, the worsening conditions of the Ukraine-Russia crisis, after Kyiv rejected Moscow’s request for Mariupol’s surrender, are putting pressure on market sentiment and AUD/USD exchange rates. According to Volodymyr Zelenskyy, President of Ukraine, decision-making about occupied Ukrainian territory cannot be made immediately on Interfax. Moreover, US President Joe Biden mentioned concerns over a cyberattack on the United States. Get FREE Forex Signals Now! AUD/USD forecast via daily open interest The daily close price of the AUD/USD pair was lower than that of the previous day. Meanwhile, the open interest slightly increased which shows bearish behavior. What’s next for AUD/USD forecast? AUD/USD traders should pay attention to risk catalysts and the Fed’s speech moving forward. –Are you interested in learning more about forex bonuses? Check our detailed guide- AUD/USD price technical forecast: Bulls losing steam The AUD/USD price is wobbling with the 20-period SMA on the 4-hour chart. The pair has been consolidating around the 0.7400 area for three trading days. Although the outlook is shaky, the Aussie may find strong support at 0.7350-60. The volume data shows some clues of bearishness. Hence, we may see some downside correction around 0.7350 ahead of 0.7300. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% 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 EUR/USD Outlook: Bears Emerge Below 1.10 as Yields Surge, Eying ECB Saqib Iqbal 2 months AUD/USD continues its retreat from the two-week high and loses its rebound from the intraday low. The US 10-year Treasury yield remains near a three-year high, while Australian bond coupons rose to their highest level since 2018. The sentiment is being pressured downward by the Ukraine-Russia crisis and the Fed's dovish stance. Fed policymakers said risk catalysts will be crucial to monitor the new momentum. The AUD/USD forecast turns neutral to bullish as the pair fails to surpass the 0.7400 mark and slowly retreats towards 0.7350-60. -Are you interested in learning more about STP brokers? 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