AUD/USD is threatening to break the uptrend it’s been in since October, failing to find traction on the charts despite what was the largest coordinated central bank dovish pivot since early 2020 last week. With little event risk on the calendar, the fortunes of AUD/USD may be determined by USD/CNY following a dramatic end to trade in mainland Chinese markets on Friday. For a currency long regarded as a proxy for risk appetite, the Australian dollar didn’t behave as you’d expect last week, sinking to multi-week lows on Friday. It was the largest coordinated central bank dovish policy shift since the start of the ... (full story)