The Australian dollar (AUD) is experiencing cautious movement against the US dollar (USD), despite the Reserve Bank of Australia's (RBA) decision to hold interest rates and maintain a hawkish stance. The AUD/USD pair is nearing the resistance line of an ascending triangle, suggesting a potential breakout. This cautious behavior comes as the AUD benefits from its role as a proxy currency for Chinese trade and commodities. Additionally, the AUD and NZD are reaching new highs, while the USDCAD remains confined.