AUDUSD gets hit on the back of China tariff rumblings

Technical Analysis

Author: Greg Michalowski | audusd

Pair tests support area

The AUDUSD is getting hit on the back of the rumblings that Pres. Trump is wanting to enact the $200B of tariffs on China.


The price has moved to new session lows and tests the 200 hour MA and 50% retracement at the 0.7156 and the 100 hour at 0.71484.

A move below is more bearish.

The NZDUSD has also moved lower and test it's 200 hour MA at 0.65533. The 100 hour MA is at 0.6543.




ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose