Trump says “We are going to make great deals on trade”, Aussie jumps to 0.7090


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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