The AUD/USD rebound is dependent on the stability of US yields and the potential upside in the Chinese market. The fluctuations in the exchange rate between the Australian dollar and the US dollar will be influenced by the performance of US bonds and the overall market sentiment in China.
Investors will closely monitor the stability of US yields as any significant changes can impact the strength of the US dollar and subsequently, the AUD/USD exchange rate. If US yields remain steady, it could provide support for the Australian dollar to rebound against the US dollar.
Additionally, the potential upside in the Chinese market could also play a crucial role in driving the AUD/USD exchange rate higher. Positive developments in the Chinese economy and market sentiment could boost the demand for the Australian dollar, leading to a potential rebound in the currency pair.
Overall, the future direction of the AUD/USD exchange rate will heavily depend on the stability of US yields and the potential upside in the Chinese market. Investors will need to closely monitor these factors to gauge the potential for a rebound in the AUD/USD exchange rate.