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Thomson Reuters
Jul 06 - 02:36 AM
AUD/USD - Rallies As China Fails To Retaliate To US Tariffs
First appeared on eFXplus on Jul 06 - 12:45 AM
  • AUD/USD bounces as US tariffs kick in, but no retaliation from China yet
  • AUD/USD up to 0.7400 from 0.7380 when US tariffs kicked in at 04:01 GMT
  • China Commerce Min does say forced to fight back against US nB9N1TR00Z
  • Initial resistance at Thurs high of 0.7408, then 21 DMA at 0.7432
  • Close above 0.7451, 61.8 Fibo would suggest more upside potential
  • L/t 61.8 at 0.7327 key downside level, market now waits for US NFP data

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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