Direct answer
AUD/USD may rise on improving China growth sentiment and commodity demand.
Most likely bullish catalysts
China growth sentiment improves
Improving china growth sentiment improves can support a stronger bid in AUD/USD.
Commodity prices rise
Improving commodity prices rise can support a stronger bid in AUD/USD.
Risk appetite increases
Improving risk appetite increases can support a stronger bid in AUD/USD.
What confirms the rally
- Confirm the move is supported by china-linked growth sentiment rather than a thin short squeeze.
- Check whether leadership across related forex markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.