Tentative deal reached to avoid US government shutdown
Price Movement Since yesterday, AUD/USD had moved down by around 30pips.
Trend AUD/USD is currently on a downtrend.
Macro Background No major economic data release.
Important Issue U.S. congressional negotiators have reached a tentative deal to fund the government and avoid a future government shutdown. The passing of the deal will prevent those employees who were affected during the 35-day partial government shutdown from having to once again miss future paychecks.
Technical Yesterday, AUD/USD bounced-off the key level of 0.71. AUD/USD is currently moving towards the support level of 0.70548.
Price Levels Current Price: 0.70749 Next Resistance: 0.71339 Next Support: 0.70548