Australian Dollar defends its land despite the cautious market mood associated with tariffs

Aud/USD floats above 0.6200, defending subtle offers among problems with the tariff in the USA and tender Chinese data.
PCE data in the US showed no surprises, the Fed remains careful.
RBA Dovish plants still press the pair.

Australian dollar is to be subtle to profits on Friday, trading around 0.6215 after a miniature low level touches. The couple remains under pressure when US President Donald Trump confirmed plans to apply tariffs on Chinese imports, suppressing risk moods.

Meanwhile, speculation about the potential reduction of the rate by the Australian Reserve Bank (RBA) in February and ongoing economic struggles in China still burden Australians.

Daily Digest Market Movers: Aussie is fighting for fears about tariffs in the USA

The US confirms 25% of tariffs in Canada and Mexico, 10% in China, applicable on February 1.
The American dollar withdraws when tender economic data remove weekly profits, pushing DXY lower than the top near 108.00.
Chinese PMI data disappoints the production of contracts and services, barely developing, pressing on australiza.
The prices of iron ore have reached annual peaks, offering Aud gentle support despite the concerns about China’s penniless demand.
Markets believe that RBA cutting rates in February are a completed contract, which also weakens Aussie.
On the US data front, personal consumption price indicator (PCE), preferred measure of federal reserve inflation, increased by 0.3% Mom in December, PO by 0.1% growth in November.
As part of the annual inflation rate, PCE increased to 2.6% compared to 2.4% from the previous month. The basic PCE, which excludes the prices of food and energy, remained at a constant level of 2.8% y / r. The third in a row of a month.
Markets do not expect any reduction in the rate in March.

Technical perspectives: Aud/USD is fighting for the direction

Aud/USD remains circumscribed in a narrow range, directed to resistance near 0.6230, maintaining support at 0.6200. The relative force indicator (RSI) is 42 on a negative territory, reflecting the lack of a clear directional shoot. Meanwhile, the histogram of the average movable discrepancy (MacD) prints green rods, suggesting the disappearing strength of the stubborn.

Despite the last attempts to recover, the potential of Australian growth seems circumscribed. A break below 0.6200 can cause further losses, while traffic above 0.6230 can provide miniature -term relief.