AUDUSDAustralian Dollar / US Dollar
0.7153
-0.85%
SUPPORT:0.7120.7054
RESISTANCE:0.71860.7253
Past
What happened
AUD/USD held 0.7153 into the weekend with no fresh China tape; the pair has been pinned in a 70-pip range as Trump-Xi summit afterglow battles dollar strength.
Why
Why it matters
AUD is the cleanest expression of the 'risk-on-but-careful' regime: it benefits from any China stimulus headline but bleeds whenever US yields push higher. Right now both forces are roughly balanced.
Watch
What to watch
0.7120 support is the line of defense; below opens 0.7054. RBA minutes Tuesday and Aussie jobs data Thursday are the domestic catalysts; PBOC LPR fix Tuesday is the China leg.
HEADLINES
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Dollar softens as Middle East ceasefire holdsReuters
- Why is the Australian Dollar Rallying?Barchart