The Australian dollar extends to a recovery, as the dollar slides towards its lowest levels in several years
- AUD/USD is trading near the 0.6280 area during the American session on Friday, which extends to a recovery this week.
- American morale data deteriorates more with the risk of tariffs on FED elasticity and inflation expectations.
- The key is seen near 0.6240-0.6260, while the downside is expanded with 0.6180 support.
The Australian dollar (AUD) is strengthening on Friday, as the husband moves near the 0.6280 region during the American session. The Australian budget is promoted with the continued weakening of the US dollar (USD) in all fields, and it is withdrawn through low economic data from expected and growing investors on inflation and commercial policy. Although the momentum is improving with caution, the broader trend remains a technical decline, as the resistance areas are limited to the upward trend at the present time.
Daily Digest Market Movers: The US dollar decreased on consumer depression and the repercussions of customs tariffs
- The US dollar index (DXY) is weak, sliding towards a 100 region and represents a three -year fresh decrease during Friday’s trade.
- The Michigan University’s morale was lost in April, while the characters of the soft producers ’price index have revived inflation fears.
- Federal Reserve Policy (Federal Reserve) remains cautious, warning that although basic inflation expectations are still stable, the pressures dependent on customs tariffs may last longer than expected.
- President Trump reiterated his confidence in reaching a deal with China, although the customs tariff remains high – 145 % on Chinese imports and 10 % in all areas of other countries.
- Musalem and Williams in Fed indicated that the possible shift in long -term inflation expectations can limit the FBI policy options in the upcoming seasons.
Technical analysis
The AUD/USD extends its recovery for a third consecutive session, and approaches the upper range of its daily movement, with the price procedures between 0.6180 and 0.6287. Despite the bullish batch today, the general art structure is still fragile.
The RSI Index (RSI) prints about 50, neutral but optimistic that tends to rise steadily. Meanwhile, MACD still indicates weakness, printing fresh red strip, indicating that the sellers did not completely come out. The final oscillator and neutral random readings remain, indicating that the trend lacks a strong conviction.
From the viewpoint of the direction, all the main moving averages continue to refer down. Simple moving averages for 20 days, 100 days and 200 days, besides EMA for 30 days, all of the declining pressure. The main resistance levels are observed at 0.6244, 0.6261, and 0.6262, while support is seen at 0.6236, 0.6215 and 0.6180. The rest can open over an area of 0.6260 space to correct a stronger climb, although technical prejudice remains careful at the present time.
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.
