AUD/USD slips as Trump’s tariff decision revives global trade concerns

💡 DMK Insight

AUD/USD is slipping even with a weaker USD, and here’s why that’s puzzling: Typically, a weaker USD would bolster the AUD, but ongoing trade uncertainties are keeping traders on edge. The recent chatter around US tariffs is creating a risk-off sentiment that’s overshadowing the usual dynamics. Traders should be cautious as this could signal a broader trend where the AUD remains under pressure despite favorable USD conditions. Watch for key support levels around recent lows; if they break, we could see a sharper decline. On the flip side, if trade tensions ease, the AUD might rebound quickly, so keeping an eye on news related to US-China trade talks is crucial. For now, monitor the 0.6400 level closely; a sustained move below could trigger further selling pressure. If you’re in the market, consider adjusting your positions based on how these trade developments unfold in the coming days.