Australian Dollar extends the range play vs. USD as tariff woes counter RBA-Fed divergence

"The AUD/USD pair is currently under pressure due to tariff concerns, while the divergence in monetary policies between the RBA and Fed is influencing the market. The RBA is maintaining a cautious stance due to concerns over the potential impact of aggressive rate hikes on the Australian economy, leading to a relative weakness in the AUD. On the other hand, the continuing rate hikes from the Fed support the strength of the USD. In this context, investors need to assess the volatility in the market while trying to gauge the direction of AUD/USD. With the current defined range likely to hold, it is crucial to watch for any external factors that may trigger further movements, particularly economic indicators and policy announcements going forward."