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Dec 22 - 11:00 PM
AUD/USD - Bid Tone Since China Tariff Announcements
First appeared on eFXplus on Dec 22 - 08:55 PM
  • AUD/USD trading around the 200-day MA at 0.6904 after trading at 0.6908

  • Pair has a bid tone since China announced some tariff reductions nB9N28L00K

  • News not surprising, but a reminder trade tensions are easing

  • A clear break above the 200-day MA targets the Dec 143 high at 0.6939

  • Trading is quiet and lack of volatility likely to support risk currencies

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Refinitiv IFR Research/Market Commentary


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