Apr 14, 2021 20:06 GMTFXStreet News
AUD/USD bulls meeting a critical area of resistance.
Bulls may look to reengage following significant correction.
US dollar (DXY) under pressure at key support dispute higher 10-year Treasury yield.
AUD/USD is currently trading at 0.7731 between a range of 0.7634 and 0.7737, rising 1.2% on the day.
Overall, the USD is trading lower for a third consecutive session while the antipodeans are leading the session.
US yields had been crashing lower this week and removing some crucial support for the dollar.
However, there has been a pickup on Wednesday on the 10-year yield which may eventually see a response in the greenback, but so far this has not transpired on Wednesday.
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