Breaking: US President Trump considering 60-day extension for deadline on higher tariffs for China imports, Aussie tests 0.7120

FXStreet Team FXStreet

Bloomberg came out with reports citing that the US President Trump is considering a 60-day extension for the deadline on higher tariffs for the Chinese imports.

Further Details:

“The president said Tuesday that he was open to letting the March 1 deadline for more than doubling tariffs on $200 billion of Chinese goods slide, if the two countries are close to a deal that addresses deep structural changes to China's economic policies

Though he added he was not "inclined" to do so

The people said that Trump is weighing whether to add 60 days to the current deadline to give negotiations more time to continue.”

The AUD/USD pair extended its post-upbeat Chinese trade data-led advances and tested the 0.7120 barrier on the above the headline.

AUD/USD Technical Levels

Overview:
    Today Last Price: 0.7119
    Today Daily change: 30 pips
    Today Daily change %: 0.42%
    Today Daily Open: 0.7089
Trends:
    Daily SMA20: 0.7158
    Daily SMA50: 0.7142
    Daily SMA100: 0.7163
    Daily SMA200: 0.7277
Levels:
    Previous Daily High: 0.7137
    Previous Daily Low: 0.7081
    Previous Weekly High: 0.7265
    Previous Weekly Low: 0.706
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7102
    Daily Fibonacci 61.8%: 0.7116
    Daily Pivot Point S1: 0.7068
    Daily Pivot Point S2: 0.7046
    Daily Pivot Point S3: 0.7012
    Daily Pivot Point R1: 0.7124
    Daily Pivot Point R2: 0.7158
    Daily Pivot Point R3: 0.718

Author

FXStreet Team

FXStreet

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