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- AUD/USD falls towards a zone 0.6280 during the American session on Monday after the peak near 0.6340.
- Feelings on the dress in US dollar amid new trade headlines and stagnation suspension.
- The main resistance notes about 0.6320 and 0.6410; Support is near 0.6290 and 0.6280.
The Australian dollar (AUD/USD) abandoned its previous strength on Tuesday, as it decreased from its highest levels in the session near 0.6340 trade closer to the 0.6280 region during North America hours. The reflection came as US dollar index (DXY) tried a modest bounce of its lowest level in three years near the 99.00 brand.
This shift in the dialect of notes from US officials indicating a decrease in recession and progress in trade negotiations with Europe, although concerns are still based on the battle of the customs tariff that has not been resolved.
Daily Digest Market Movers: The feelings of the dollar fluctuate on mixed economic signals
- Kevin Haysit of the American National Economic Council rejected fears of recession, temporarily strengthening the Greenback tone.
- The American definitions of the sector are still possible, especially targeting electronics and chips, although the customs tariff stops for 90 days.
- Commercial conversations with the progress of the European Union, which helps to reduce the fears of the broader market of an escalation of a large -scale global tariff.
- The consumer morale index at the University of Michigan has spread a sharp decrease, indicating that living families are concerned about the high costs.
- The treasury yield is still under pressure, which reflects the continued demand for bonds amid global growth concerns.
- The Australian dollar remains weak due to the dependence of its export on China and the escalating commercial tensions.
- Investors are waiting for the main US retail sales on Wednesday and Australia job data on Thursday to provide direction signals.
Technical analysis
Technically, Aud/USD shows signs of bullish momentum in the short term despite the decline on Monday. RSI is located near 55, which reflects a neutral to positive, while MACD is different in printing a green strip and issues a new purchase signal. The husband is currently circulating in the middle of his daily group between 0.6274 and 0.6342, and lacks a decisive outbreak.
The 10 -day enlarged averages (EMA), the average simple movement (SMA) supports 10 days (EMA) and the average simple movement for 20 days (SMA), the upward trend, while SMA for 100 days also correspond to the upper pressure. However, SMA for 200 days at 0.6483 still a ceiling can limit more gatherings.
Support levels are determined at 0.6291, 0.6286 and 0.6281. The resistance is located at 0.6324, followed by 0.6413 and CAP in the long run at 0.6483. Technical expectations tend to climb in the short term, but a clear break is needed over 0.6340 to confirm the continuation.
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.
