US dollar rises across the board amid higher US yields. AUD/USD trims Tuesday’s gains, bearish pressure mounts. The AUD/USD pair dropped further and printed a fresh daily low at 0.7769 amid a stronger US dollar across the board. The driver of the last leg higher were US yields. Economic data from the US came in below expectations. The ADP report showed an increase in employment of 117K in February below the 177K of market consensus. The ISM Service sector data surprised to the downside with the main index falling from 58.7 to 55.3; the price index jumped from 64.2 to 71.8. The numbers were mostly ignored by market participants. On Wall Street, the Dow Jones is falling 0.08% and the Nasdaq by more than 1%. Both indices traded mostly positive in the futures market prior to the opening. The reversal weighed on AUD/USD. Also, metals turned sharply to the downside. From a technical perspective, the recovery of AUD/USD has run into resistance at 0.7835/40. Price is testing a short-term uptrend line around 0.7770/75, and a break lower should point to more losses. The next support is seen at 0.7730 and then at 0.7705. Technical levels 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 Stimulus checks: Biden reportedly agrees to lower cutoffs, paving way for Senate approval FX Street 1 year US dollar rises across the board amid higher US yields. AUD/USD trims Tuesday’s gains, bearish pressure mounts. The AUD/USD pair dropped further and printed a fresh daily low at 0.7769 amid a stronger US dollar across the board. The driver of the last leg higher were US yields. Economic data from the US came in below expectations. The ADP report showed an increase in employment of 117K in February below the 177K of market consensus. The ISM Service sector data surprised to the downside with the main index falling from 58.7 to 55.3; the price index jumped from 64.2 to… 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.