Australia

AUD/USD surged as US–China trade optimism and yuan strength boosted sentiment. But with resistance near and risk appetite fading, Aussie bulls may face hurdles ahead.

The US dollar surged after a US–China trade breakthrough, driving breakouts in USD/JPY and USD/CAD, while AUD/USD faltered near key support.

The Australian dollar (AUD/USD) faces key domestic data, with sentiment, wages, and jobs in focus, while US inflation and retail sales could drive broader USD direction.

Commodity currencies stumble after bearish engulfing signals on AUD/USD, NZD/USD, and USD/CAD. As the Fed holds rates and trade talks loom, the US dollar regains strength.

USD/JPY falls before the FOMC as a record Taiwan dollar rally and yuan strength fuel safe-haven flows. Traders question the US dollar’s resilience.

AUD/USD extends gains as yuan strength and Fed hold expectations support Aussie bulls. A retracement could offer dip-buying opportunities above 0.6340.

ASX 200 and Dow Jones test key resistance after strong rallies. Bearish signals are building, with pullbacks likely as momentum shows signs of exhaustion.

Tentative signs of a US dollar reversal remain, with USD/JPY, USD/CHF and EUR/USD price action still supporting the potential for a broader recovery.

AUD/USD, AUD/CAD and GBP/AUD all point lower for the Aussie, as softer CPI bets and a stronger USD weigh ahead of the RBA’s next policy move.

The ASX 200 has surged 13% from April's low. But with momentum turning around several key levels of resistance, perhaps a pullback is due.

RBA cash rate futures currently imply a 62% chance of an RBA cut in May, and those odds are likely to increase further should trimmed mean inflation dip to 3% y/y or lower.