- Trade War uncertainty
- AUD/USD testing key level
Price Movement
Since yesterday, AUD/USD has been moving indecisively within a 30pips range.
Trend
AUD/USD is trending downwards.
Important Issue
This morning, U.S. Trade Representative Robert Lighthizer said that the Trump administration plans on increasing tariffs on Chinese imports at 12:01am on May 10th this Friday.
Technical
AUD/USD is testing the 0.70 key level.
Price Levels
Current Price: 0.69976
Next Resistance: 0.70650
Next Support: 0.69573