The AUD/USD is currently holding steady above 0.6500, but lacks bullish conviction due to fears surrounding the trade war. Investors are cautious as tensions escalate between the US and China. The pair is struggling to gain momentum as uncertainty looms over the market. Traders are closely monitoring developments in the trade negotiations to gauge the potential impact on the Australian dollar. The lack of bullish sentiment is keeping the AUD/USD in a tight range for now.