Australian dollar among top performers on risk appetite. US dollar falls across the board even as US yields rise. The AUD/USD rose further boosted by a decline of the US dollar and a positive tone across financial markets. The pair hit at 0.7730, the highest level since March 23. It remains near the top, with the bullish momentum intact about to post the first daily close well above the 20-day simple moving average since early March. DXY down even as US yields The DXY is falling 0.15% on Wednesday as it stands at 91.66, the lowest since March 21. The dollar has been unable to benefit from a rebound in US yields. The 10-year gains 1.55% and climbed to 1.64%. The improvement in risk sentiment boosted currencies like the AUD, NZD, and European majors. The risk-on mood also is boosting crude oil that gains more than 4%. Metals are being unable to profit. Gold drops 0.70%, affected by the rise in yields. AUD/USD firm at higher levels Technical factors are also driving the rally of AUD/USD on Wednesday. The price broke a range of almost two weeks by rising above the 0.7660/80 barrier. It also surpassed the 20 and 55-day moving averages. The recovery took place after the aussie managed to hold above the 0.7550 key support area. The short-term outlook now favors the upside in AUD/USD. A retreat under 0.7660 would alleviate the bullish pressure. A break under 0.7560 should clear the way to further losses. 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 US: Yields to tick up over the next 3 to 6 months – Danske Bank FX Street 2 years Australian dollar among top performers on risk appetite. US dollar falls across the board even as US yields rise. The AUD/USD rose further boosted by a decline of the US dollar and a positive tone across financial markets. The pair hit at 0.7730, the highest level since March 23. It remains near the top, with the bullish momentum intact about to post the first daily close well above the 20-day simple moving average since early March. DXY down even as US yields The DXY is falling 0.15% on Wednesday as it stands at 91.66, the lowest since March 21. 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.
