AUD/USDd trend at the beginning of the weekAUD/USD news:
🔆The Australian dollar climbed to 0.6370 on Monday following China’s release of its 2025 annual policy statement on Sunday. The statement outlined plans to advance rural reforms and drive comprehensive rural revitalization, boosting optimism about China’s economic outlook. Given China’s significance as Australia’s key trading partner, these stimulus measures could further support the AUD.
🔆Additionally, the AUD/USD pair gained traction as US President Donald Trump signaled potential progress in trade talks with China, easing concerns over tariffs. Investors will remain attentive to any new tariff-related updates from Trump.
🔆Last week, the Reserve Bank of Australia (RBA) cut its Official Cash Rate (OCR) by 25 basis points to 4.10%, marking its first rate reduction in four years. RBA Governor Michele Bullock acknowledged the burden of high interest rates but warned that inflation was still a concern. She highlighted the resilience of the labor market and clarified that future rate cuts are not guaranteed, despite market expectations.
🔆The Australian dollar continued to strengthen as the US dollar weakened, following disappointing US economic data.
Personal opinion:
🔆AUD will increase in the short term after considering the recent good news, but then there will be a technical adjustment at the 0.6420 area.
Technical analysis:
🔆Based on important support - resistance levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUDUSD 0.6420 – 0.6435
❌SL: 0.6480 | ✅TP: 0.6390 – 0.6350 – 0.6300
FM wishes you a successful trading day 💰💰💰
