FX.co ★ AUD/USD

Hello traders. The decline of the AUDUSD pair is explained by the strengthening of the US dollar, driven by increasing global trade risks and overall investor caution. New tariffs are increasing economic uncertainty, boosting demand for the dollar as a safe haven asset. Additionally, the Australian dollar is under pressure due to profit-taking after multi-year highs and expectations of key domestic data affecting the RBA. From a technical standpoint, the daily candle closing below the 1/2 zone of 0.7055-0.7046 indicates that the pair is likely to continue its decline towards the full margin zone of 0.6960-0.6941. To change the trend to bullish, a daily candle closing above the 1/2 zone of 0.7113-0.7122 is needed. In case of a Friday low retest at the level of 0.7018, it is recommended to take partial profits or move the position to breakeven.