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Derived real-time data in partnership with:
Thomson Reuters
Feb 11 - 12:12 AM
AUD/USD - Settles Around 0.7100 Awaiting News On US/China
First appeared on eFXplus on Feb 10 - 10:10 PM
  • AUD/USD traded with bid tone through most of the Asian morning
  • Report saying Xi may meet with Trump next month helped underpin
  • AUD/USD traded as high as 0.7108 before sellers returned to cap
  • More consolidation likely as market awaits news on US/China trade talks
  • AUD a proxy for China and trade war concerns
  • Support at 0.7060 low and break targets 50% of 0.6915/0.7295 move at 0.7005
  • Resistance at 38.2 of smaller 0.7295/0.7060 move at 0.7150

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Source:
Thomson Reuters IFR Markets

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