By James Connell — Feb 04 - 05:13 PM
• AUD/USD testing key resistance at 0.6260-65 in early Asia
• A consolidated break above 0.6265 would open up topside and awaken AUD bulls
• Uncertainty around two-way China-U.S. tariff situation remains key focus
• Timing of potential Trump-Xi talks on tariffs is unclear
• Any sign of de-escalation of China U.S. trade tensions will be AUD positive
• Short term support now 0.6170, break below resumes medium term trend lower
• Overnight AUD range 0.6171 to 0.6262
AUD Hourly
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters