US-China trade uncertainties prompted some fresh selling on Tuesday. Falling US bond yields undermined the USD and helped limit the slide. Investors now look forward to US macro data for some fresh impetus. The AUD/USD pair has managed to rebound over 20-pips from intraday lows and is currently placed at the top end of its daily trading range, around the 0.6770 region. The latest optimism over the chances for a quick resolution to the US-China trade war fizzled out rather quickly and turned out to be one of the key factors that exerted some fresh downward pressure on the China-proxy Australian Dollar. The pair failed to capitalize on the overnight strong recovery move of nearly 100-pips, rather met with some fresh supply on Tuesday and was further weighed down by downbeat comments from the RBA Deputy Governor Guy Debelle. Weaker USD helped bounce off lows Meanwhile, the market skepticism was evident from a fresh leg of a downfall in the US Treasury bond yields, which kept the US Dollar bulls on the defensive and helped limit any further downside for the major, at least for the time being. The pair managed to find some support ahead of mid-0.6700s and has now moved within the striking distance of daily tops as market participants now look forward to the US Consumer Confidence Index for some meaningful trading impetus. 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 Bitcoin price analysis: BTC/USD gravitating as $7,500 beckons profusely FX Street 4 years US-China trade uncertainties prompted some fresh selling on Tuesday. Falling US bond yields undermined the USD and helped limit the slide. Investors now look forward to US macro data for some fresh impetus. The AUD/USD pair has managed to rebound over 20-pips from intraday lows and is currently placed at the top end of its daily trading range, around the 0.6770 region. The latest optimism over the chances for a quick resolution to the US-China trade war fizzled out rather quickly and turned out to be one of the key factors that exerted some fresh downward pressure on 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.
