AUD/USD: China Stimulus Tailwind — Bullish Setup

The Australian Dollar is benefiting from renewed China stimulus expectations and improving commodity prices.

Fundamentals

- China PBoC cutting rates, increasing infrastructure spending
- Iron ore prices recovering from lows
- RBA maintaining hawkish stance relative to peers
- Risk sentiment improving globally

Technical

- AUD/USD broke above the 200-day MA at 0.6600
- Now pulling back to retest the breakout level
- This is a classic "buy the retest" setup

Trade

Buy 0.6600-0.6620 zone, stop below 0.6540, target 0.6750.