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April 2, 2025

AUD/USD Breaks New Ground: Testing 0.6300 as Tariffs Approach

The AUD/USD pair has gained traction, climbing to a new weekly high as it approaches the key psychological level of 0.6300. This rise marks the second consecutive day of buying momentum, recovering from a nearly four-week low at 0.6220-0.6215 touched earlier this week. With traders actively seeking opportunities, bulls are aiming to maintain this upward trend.

Continued interest in the Australian dollar may be driven by a mix of domestic economic indicators and external factors such as tariffs from the United States. As market reactions unfold, traders should remain alert to shifts that could prompt price adjustments. Understanding these patterns will play a crucial role in developing successful trading strategies moving forward.

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