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
