AUD/USD sentiment improves on reports of a US-China trade agreement, potentially easing multiple RBA rate cut bets
Later today, Fed speakers could affect US-Aussie rate differentials. Hawkish signals supporting a near-term pause on rate cuts may widen the rate differential. Easing bets in Fed rate cuts may pull the AUD/USD pair below the 200-day EMA. A fall through the 200-day EMA would bring the 0.63623 support level into play.
However, rising support for a June Fed rate cut may narrow the rate differential in favor of the Aussie dollar. A more dovish Fed stance could drive AUD/USD toward $0.65.
