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
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