AUD/USD seemed struggling to build on its recent bounce from 11-year lows. The Australian trade balance data did little to provide any meaningful impetus. Rebounding US bond yields underpinned the USD and seemed to cap gains. The AUD/USD pair seemed struggling to gain any meaningful traction, albeit has managed to hold its neck comfortably above the 0.6600 round-figure mark. The pair quickly reversed an early Asian session dip to the 0.6610 region following the release of upbeat Australian trade data, showing a surplus of A$ 5.21 billion as against consensus estimates pointing to a reading of A$ 4.8 billion. Bulls seemed reluctant However, the report indicated a drop of 3% in both exports and imports, which coupled with worries over the impact of the deadly coronavirus outbreak on the global economy kept a lid on any runaway rally for the Australian dollar. On the other hand, the US dollar managed to preserve the overnight goodish recovery gains and was further supported by a goodish pickup in the US Treasury bond yields, which further collaborated towards capping gains for the major. The pair remained below Tuesday’s swing high, or near two-week tops set in the aftermath of the Fed’s surprise move to cut interest rates by 50bps, making it prudent to wait for some strong follow-through buying before placing fresh bullish bets. 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 EUR/USD: Patience before further depreciation FX Street 3 years AUD/USD seemed struggling to build on its recent bounce from 11-year lows. The Australian trade balance data did little to provide any meaningful impetus. Rebounding US bond yields underpinned the USD and seemed to cap gains. The AUD/USD pair seemed struggling to gain any meaningful traction, albeit has managed to hold its neck comfortably above the 0.6600 round-figure mark. The pair quickly reversed an early Asian session dip to the 0.6610 region following the release of upbeat Australian trade data, showing a surplus of A$ 5.21 billion as against consensus estimates pointing to a reading of A$ 4.8 billion. Bulls… 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.