- Analysis AUD / USD Analysis shows a slight improvement in risky appetite.
- The American president said he was willing to continue talks with the EU.
- The market participants await acceleration in American pricing pressures.
The AUD / USD Analysis Price shows a slight improvement of risk appetites after Trump showed a readiness to continue trade negotiations. However, the potential for suppression remains in the middle of a re-global trade tension. Meanwhile, market participants are impatiently awaiting a crucial report on consumer inflation.
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Trump recently reiterated concerns of trade after publishing larger tariffs on several American trading partners. The latest was 30% tariffs on the import from the eurozone and Mexico. This caused the decline in the risk appetite that injured the Australian dollar. However, the impact was excluded.
Moreover, the sentiment improved after the American president said he was willing to continue talks with the EU, hoping for the Trade Agreement before the deadline. August. However, the Australian risk dollar will remain vulnerable as the new tariff deadline. In addition, the risk of global trade war will continue to increase.
By the way, Trump continued to attack the attacks on Powell on Monday, calling him to resign. Permanent attacks caused concerns about the independence of the US Central Bank, injuring the dollar.
Meanwhile, market participants are expected to accelerate in American pricing pressures. The coming report of the CPI forms the look for future moves FED policies.
AUD / USD Key events Today
- US CPPI m / m core
- US CPI M / M
- US CPI I / I
Audi Audi AUD / USD Analysis Technical price: The bulls target range resistance
On the technical page, the price of AUD / USD trades in the side to the side are moved between the support of 0.6500 and resistance to 0.6590. The price chopped through 30ths, while the RSI traded in motion and bear territory, indicating the range.
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However, in a small extent, the bulls are in lead. The price trades above the 30ths, and the RSI is over 50 years. After resetting the range resistance, the price returned to the 30 SMA support. She broke down the line, but failed to move lower. As a result, the bulls returned to push the price above SMA.
Given the bias bias, AUD / USD will soon re-set the resistance range from 0.6590. If he holds a firm, the price will reject lower and the consolidation is probably continued. On the other hand, the break over the resistance would strengthen bias for bikare.
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