Alchemix USD Price & Performance (ALUSDUSD)

The Australian Dollar struggles as escalating trade disputes, including tariffs on Chinese goods, dampen market confidence. AUD/USD slipped below 0.6200, with commodities like iron ore and copper failing to provide support. Analysts suggest risks may persist, given Australia's economic reliance on exports and ongoing global uncertainty.1

The Australian Dollar gained momentum amid growing concerns over a US economic slowdown. Strong domestic GDP growth and trade data bolstered confidence, though disappointing Chinese CPI figures limited the upside. AUD/USD traded near 0.6320, with analysts eyeing resistance at 0.6400 and support at 0.6301.2

The Reserve Bank of Australia's recent rate cut, paired with a cautious yet hawkish outlook, has lent support to the Australian Dollar. AUD/USD remains above key support at 0.6330, with technical indicators suggesting potential for further gains toward the 0.6500 level.3