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AUD/USD rallied to 0.7166 (+0.47%), the best G10 performer as oil-stress easing lifted commodity currencies and the dollar's geopolitical bid faded.

Aussie trades as a risk-on / China-proxy basket — with S&P 500 at fresh records and Hormuz tail risk fading, the pair gets a clean tailwind. RBA hawkish hold last week still underpins.

China PMI data over the weekend is the next test. Resistance 0.7200 (psychological); support 0.7120. A risk-off reversal on fresh Iran headlines could quickly reprice the entire move.

Nvidia gained 0.78% to $214.25 in a mixed AI-name session. Yahoo Finance ran a 'bubble' segment on the AI trade; Micron's 850% YTD run highlighted memory leverage, not chip-design weakness.

NVDA is the AI capex bet's purest expression — even bubble worries don't dent it until hyperscaler capex forecasts soften. Samsung shipping HBM4E samples reinforces the demand stack.

$220 is the resistance to break for a clean leg higher. PCE Friday + any data-center capex commentary from cloud-provider guides. Support $208; loss opens $200.