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Feb 27 - 09:55 PM

AUD/USD - Testing Key Support In Asia; Tariff Fears Renewed

By James Connell  —  Feb 27 - 08:12 PM

• AUD/USD remains pressured near 0.6230 support, following overnight fall

• Trump stated Mexico/Canada tariffs start Mar 4; floated extra 10% for China

• AUD volatility catalysts plentiful in short term

• Traders wary of potential month-end-fix selling; U.S. PCE data due Fri

• China manufacturing PMI due Sat, Reuters poll forecast 50.0 (Jan 49.1)

• AU next week: RBA minutes, current account, retail sales, GDP, trade

• Asia range 0.62281-0.6238, support 0.6230, resistance 0.6320-30 0.6415
AUD midday


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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