- U.S.-China Trade Tariff to take effect
- AUD/USD testing key level
Price Movement
Since yesterday, AUD/USD moved down by around 15pips before moving back up by around 50pips.
Trend
AUD/USD is trending downwards.
Important Issue
Concluding the first day of the U.S.-China trade talks, the U.S. prepares to go ahead with the tariffs hike on billions of good imported from China starting from this Friday.
Technical
AUD/USD is testing the 0.70 key level.
Price Levels
Current Price: 0.70154
Next Resistance: 0.70650
Next Support: 0.69573