AUD/USD rebounds after earlier Asian fall

Yesterday an update here noted the longer term outlook for the AUD/USD. Well earlier today that seemed to be rather confounded, when the Aussie took a hit and fell back to 0.6226. Yesterday the AUD/USD hit a brick wall, at the noted resistance level at 0.6314 and that was the high of the day. It later closed in the US at 0.6299 and looked set for more upside. However, as the Trump trade tariff news seemed to impact the AUD/JPY, the AUD/USD fell back and that explains the earlier low. The news that Australia is only to suffer a 10% tariff hit was something touched upon yesterday evening, in that it has escaped the worst of the measures inflicted on many other countries (just like the UK). So, as the dollar more widely has come under increasing pressure this morning, the AUD/USD has bounced back and subsequently taken out that 0.6314 level and advanced, touching 0.6340 not long ago. So, it seems onwards and upwards for the Aussie now. The AUD/USD is currently trading at 0.6332