While addressing a rally of supporters in Texas on Tuesday, the US President Trump made some positive comments on the US-China trade issue, lifting the risk sentiment across the board.
Trump noted that “We are going to make great deals on trade.”
“We don't want China to have a hard time”, he added.
On North Korea, Trump noted: `Hopefully' will do as well on second Kim meet as first.
On Trump’s comments, the AUD – the Chinese proxy, saw a fresh leg higher, driving the AUD/USD pair from near 0.7075 levels to refresh daily tops at 0.7088.
At the press time, the spot remains at a striking distance of the daily tops, up +0.35% on the day. The sentiment around the Aussie continues to remain underpinned by the above-forecast NAB business confidence and condition numbers.
AUD/USD Technical Levels
Overview:
Today Last Price: 0.7084
Today Daily change: 20 pips
Today Daily change %: 0.28%
Today Daily Open: 0.7064
Trends:
Daily SMA20: 0.7168
Daily SMA50: 0.7151
Daily SMA100: 0.7167
Daily SMA200: 0.728
Levels:
Previous Daily High: 0.7109
Previous Daily Low: 0.7057
Previous Weekly High: 0.7265
Previous Weekly Low: 0.706
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7077
Daily Fibonacci 61.8%: 0.7089
Daily Pivot Point S1: 0.7044
Daily Pivot Point S2: 0.7025
Daily Pivot Point S3: 0.6992
Daily Pivot Point R1: 0.7096
Daily Pivot Point R2: 0.7129
Daily Pivot Point R3: 0.7148
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