- Progress in Trade War
- AUD/USD moving towards key level
Price Movement
Since yesterday, AUD/USD moved up by around 20 pips.
Trend
Recently, AUD/USD has been trending upwards.
Important Issue
Yesterday, during an interview with CNBC, US Treasury Secretary Steven Mnuchin expressed optimism in the US-China Trade War, saying that that he is hopeful that they can move forward with a plan and that they are “90% of the way there”, hinting that a deal may be coming up soon.
Technical
AUD/USD is moving towards the 0.70 key level.
Price Levels
Current Price: 0.69905
Next Resistance: 0.70250
Next Support: 0.68500