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Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook.

The AUDUSD experienced a volatile session yesterday, marked by a sharp down-then-up reversal as traders reacted to shifting macro headlines and shifting sentiment. Early in the Asian and European sessions, the pair came under strong selling pressure amid renewed trade war concerns between the U.S. and China, with risk appetite fading and commodity-linked currencies broadly on the defensive. The downward momentum drove the pair lower, but the tone shifted dramatically once the North American session began.

As the U.S. dollar weakened following dovish-like remarks from Fed Chair Powell, the AUDUSD found a footing and began to recover. Buyers stepped in near key intraday support, helping the pair rebound and ultimately push above the 0.6481 swing level, a zone previously flagged as an important technical pivot. The subsequent retest of that level confirmed support, as buyers defended the breakout and built a base for today’s continued move higher.

The rally extended to yesterday’s high and into the path of the falling 100-hour moving average, currently near 0.6516. That technical barrier attracted fresh selling interest, leading to a modest pullback. The price action has since consolidated between resistance at the 100-hour MA and support from a nearby swing area between 0.6500 and 0.65046.

At this juncture, the market has effectively defined its battle lines — with short-term direction hinging on which side breaks first. A sustained move above the 100-hour MA would invite further upside momentum, with traders eyeing deeper retracement targets from the recent decline. Conversely, a break below 0.6500 would signal buyer fatigue and could tilt momentum back toward the downside. For now, the pair sits in technical limbo, with traders awaiting the next catalyst to shove the AUDUSD out of its current standoff.

This article was written by Greg Michalowski at investinglive.com.

After Friday’s 2.7% tariff-induced S&P 500 crash and Monday’s 1.3% recovery, traders are asking if it’s safe to re-enter the market. Monday’s “inside day” pattern—where the entire session traded within Friday’s range—signals market indecision despite the fierce bounce.

AUD/USD advances by 0.40% to trade around 0.6510 on Wednesday at the time of writing. The Australian Dollar (AUD) gains ground after Sarah Hunter, Assistant Governor of the Reserve Bank of Australia (RBA), warned on Wednesday that inflation risks in the economy remain tilted to the upside.

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Gold (XAU/USD) continues its record-breaking run on Wednesday, scaling fresh all-time highs above $4,200 as robust safe-haven flows keep demand elevated.

• It’s too early to give indications about the next rate move
• France recognizes the need to agree on a budget
• Current information doesn’t argue for moving rates
• Persistent services inflation demands vigilance

This article was written by Adam Button at investinglive.com.