• AUD/USD opens 1.3% higher as USD tumbles; Trump team suggests tariff delay
• Trump's new administration will not immediately impose trade tariffs
• AUD, a China proxy, had depreciated 5.65% since Nov 7 Trump election day
• Was undermined by Trump Day 1 tariff threats, less dovish Fed rate outlook
• Tariff relief and prospect of multiple Fed rate cuts now boost AUD
• Positive risk sentiment, prospect of lower U.S. yields may fuel further rise
• Care required as too early to sound all-clear on tariffs
• Strong likelihood of RBA Feb rate cut also likely to cap AUD recovery
• Strong resistances at 0.6300-05, 0.6340-45, support 0.6230-35, 0.6200-05
• Monday range 0.6190-0.6286
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)