Later today, Fed commentary may influence US-Australian interest rate differentials and AUD/USD trends.
Calls to delay to rate cuts to assess the effect of tariffs on inflation may widen the rate differential in favor of the US dollar. A wider rate differential may push AUD/USD below the 50-day EMA, exposing the 200-day EMA.
Conversely, dovish chatter may lift bets on a September Fed rate cut. A narrowing rate differential could drive the pair toward $0.6550, bringing $0.66 into play.
