- U.S.-China Trade War intensifies
- AUD/USD broke key level
Price Movement
Since yesterday, AUD/USD had moved up by around 90pips.
Trend
Currently, AUD/USD is trending upwards.
Important Issue
This morning at around 0033 (SGT), Trump mentioned in an interview that “We're not talking about removing tariffs, we're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal”.
Technical
This morning, AUD/USD broke the 0.71 key level.
It is currently heading towards the resistance level of 0.71800.
Price Levels
Current Price: 0.71626
Next Resistance: 0.71800
Next Support: 0.70185
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