• AUD/USD rallies early Mon, reaching 0.6323 (+7.0% from Apr 9, 0.5910 low)

• AUD back above the 55-DMA, returns to pre-U.S. 'tariff-day' levels

• Trump's electronics tariff exemptions/subsequent denials churning sentiment

• China-U.S. trade war developments key; potential CN stimulus AUD positive

• Data due this week: AU employment, CN trade/retail/GDP, U.S. trade/retail

• Range early Asia 0.6290-0.6323, support 0.6180 0.5910, resistance 0.6390
AUD Daily 55-DMA

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