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Jan 24 - 05:55 AM

AUD/USD - Rises To Five-Week Peak As Trump Goes Easy On China

By Robert Howard  —  Jan 24 - 03:57 AM

• AUD/USD climbs to 0.6330 on USD selling as Trump goes easy on China

• Trump said he would rather not use tariffs against China

• 0.6330 is highest level since Dec 18 (0.6339 was high that day)

• The 0.6300 former resistance level is now a support point

• Offers pre-0.63 capped Thursday gains after Trump's Fed cut demand hurt USD

• There are big 0.6300 option expiries today, Monday and Tuesday

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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