- AUD/USD climbs close to 0.6430 when the US dollar is facing pressure despite the tensions of US-China trade tensionsTo.
- Investors are waiting for US NFP data that influence the Federal Reserve (FED) monetary prospect.
- The Aussie pair trades about 0.6400 about 0.6400 in almost two weeks.
AUD/USD pair jumps close to 0.6430 on Friday. The Aussie pair will strengthen as the US dollar (USD) heals sharply, even if the hopes for the escalation of the trade war between the United States and China have improved.
Investors' confidence that trade tensions between the world's two largest power stations have increased since the comments of the Chinese Ministry of Commerce, which showed that Beijing is open to trade negotiations but wants the US to show “sincerity”.
US-China's trade tensions are favorable for the Australian dollar (AUD), given that Australia is the leading trading partner of Beijing.
The US Dollar Exle (DXY), which monitors Greenback's value to six main currency, drops sharply near 99.75.
In the meantime, investors are waiting for data from the US Non -Farm payroll (NFP) data in April, which will be published at 12:30 pm GMT. The US NFP is expected to show that the economy has added 130,000 fresh employees, which is significantly lower than March 228k.
AUD/USD consolidates within almost two weeks in a tight range of 0.6340-0.6450. The couple web us near a 200-day exponential moving average (mother) about 0.6407, indicating a lateral trend.
The 14-day relative strength index (RSI) oscillates about 60.00. A fresh bullish momentum would occur if the RSI breaks above that level.
There are also down to the downside to a round resistance of 0.6500 and at the highest level of November 25, 0.6550, if the pair breaks over the highest level of 0.6456 of the 5th December.
On the valve side, the negative side moves below the lowest level of March 4 to 0.6187 to the lowest level of 0.6087, followed by psychological support 0.6000.
AUD/USD daily chart
US-China Trade War of Trade War
In general, the trade war is an economic conflict between two or more countries due to one end of the extreme protectionism. This requires the creation of trade barriers, such as tariffs, resulting in counterattacks, increasing import costs and thus the cost of living.
The economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump erected trade barriers to China, demanding unfair commercial practices and intellectual property theft of the Asian giant. China took durable measures by introducing tariffs for several US goods, such as cars and soybeans. The tensions escalated until two countries signed the US-China trade trade transaction in January 2020. The Agreement required structural reforms and other changes in China's economic and trade regime and pretended to restore the stability and trust of the two countries. However, the coronavirus pandemic took the concentration of the conflict. But it is worth noting that after Trump's office, President Joe Biden held the tariffs in his place and even added additional fees.
Donald Trump's return to the White House, as the US 47 president has created a fresh voltage wave between two countries. During the 2024 election campaign, Trump promised to introduce 60% of the tariffs after returning to China, which he made on January 20, 2025. Trump. The US-China Trade War is intended to continue where it was left and with a tati policy that affects the global economic landscape with global delivery, spent to reduce information about investment in terms of investment.
