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Thomson Reuters
Jul 05 - 02:36 AM
AUD/USD - Nervously Eyes Impending Tariff Deadline
First appeared on eFXplus on Jul 04 - 11:15 PM
  • AUD/USD only manages a 0.7368/88 range in Asia, ahead of Fri tariff deadline
  • All eyes on USD/CNY once again - brief rally in USD/CNH takes AUD to lows
  • S/t MAs flattening, momentum studies conflicted - neutral setup
  • Close below long term 61.8 Fibo at 0.7327 reignites bearish trend
  • Close above 21 DMA at 0.7442, 38.2 Fibo at 0.7451 turns market bullish
  • China says will retaliate immediately if US imposes tariffs nS6N1T802E

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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