Forex
AUD Holds Above 0.7100 Amid RBA Hike Expectations and Tariff Talks
The AUD/USD pair has steadied above 0.7100 as traders wait for key risk events later in the week, including an RBA rate hike and US-China tariff talks.
Expectations of a near-term interest rate increase by the Reserve Bank of Australia (RBA) are supporting the Australian Dollar, while a firm US Dollar and geopolitical tensions are limiting gains.
The pair is trading above key trend support, with technical levels showing initial resistance at 0.7149 and support around 0.7095.