Australian dollar managed to rise back above the important technical level of 0.7150. US dollar back under pressure, DXY drops below 93.30. The AUD/USD pair bottomed during the Asian session at 0.7108 the lowest level since August 3 and then rebounded. After the beginning of the American session jumped to 0.7173 and as of writing, it is trading at 0.7165/70, holding onto daily gains, supported by a weaker US dollar. The greenback turned to the downside after US data and despite higher US yields. The DXY peaked near 94.00 and bounced to the downside, losing the 93.50 area. At the same time, the 10-year yield rose to 0.686%, the highest since July 7. Economic data from the US showed a higher-than-expected reading of US CPI. On Tuesday the PPI also came in above expectations. In Australia, attention turns to the employment report that will be released on Thursday at 01:30 GMT. The net change in employment is forecast to be positive by 40K in July. “An upbeat reading could boost AUD/USD momentum, moreover considering the market is waiting for a poor outcome. The market is now betting against the greenback, but these days, the dollar tends to appreciate during US trading hours, amid optimism about a US economic comeback, after US President Trump said he sees no reason why the country won’t growth 20% in Q3”, says Valeria Bednarik, Chief Analyst at FXStreet. 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 WH adviser Kudlow: US economy is entering a self-sustaining recovery FX Street 2 years Australian dollar managed to rise back above the important technical level of 0.7150. US dollar back under pressure, DXY drops below 93.30. The AUD/USD pair bottomed during the Asian session at 0.7108 the lowest level since August 3 and then rebounded. After the beginning of the American session jumped to 0.7173 and as of writing, it is trading at 0.7165/70, holding onto daily gains, supported by a weaker US dollar. The greenback turned to the downside after US data and despite higher US yields. The DXY peaked near 94.00 and bounced to the downside, losing the 93.50 area. At the… 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.