The Australian Dollar (AUD) has shown a notable bounce, trading above the critical 0.6400 threshold on Thursday, and marking a 0.30% gain on the day. This movement occurs as the USD rally gradually loses momentum. Traders now await a potential retest of the 0.6450 resistance area.

The US Dollar saw an increase late Wednesday through Thursday’s Asian session, supported by a favorable US court ruling against President Trump’s trade tariffs. However, this rally is showing signs of fatigue, providing an opportunity for the AUD to recover.

As market sentiment shifts and investors reassess their positions, traders should watch for further developments that could impact the USD’s strength and the AUD’s ability to hold onto its gains. Keeping close tabs on economic indicators and geopolitical events will help traders navigate this dynamic market landscape effectively.