• AUD/USD breaks May 7 0.6515 high amid renewed trade concerns, +5.4% in 2025

• Next target 0.6550 resistance, break above would open-up topside

• Trump extends his EU tariff deadline, improves risk-sentiment in Asia

• Refreshed tariff threats initiated broad USD rout Fri

• UK & U.S. markets closed/holiday Mon, poor liquidity to distort moves

• Key AU Apr CPI & retail sales, Q1 capex data all due this week

• Range Asia 0.6488-0.6537, support 0.6390 0.6355, resistance 0.6550
AUD Daily 200-DMA and Resistance, DXY Daily

(James Connell is a Reuters market analyst. The views expressed are his own.)