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Thomson Reuters
Mar 14 - 08:36 AM
AUD/USD - Trump/China Meeting Delayed, AUD/USD Traders Should Brace For A Drop
First appeared on eFXplus on Mar 14 - 06:25 AM
  • China and U.S. to push back Trump-Xi meeting to at least April - Bloomberg
  • AUD/USD pair is very well corelated to swings in risk appetite
  • Delay to meeting should spur risk avesion weighing AUD
  • AUD/USD on cusp of bearish close below 0.7054 daily Ichimoku cloud base
  • News puts psycholoigcal 0.7000 level at risk
  • Break below would open big downside scope, maybe flash crash low @ 0.6715

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