AUD/USD Transfer

ByDragana My Engine Lab

Trade dependent commodity currencies were enhanced by announcements of trade agreements between the US, UK and China. The Chinese deal signals a complete change in global trade and heralds a victory for the Trump administration. The new regime will only encourage demand for commodities and boost the associated currencies. The only proviso is the lack of a trade agreement between Australia and the USA.

Current Level: 0.6340
Resistance: 0.6500
Support: 0.6300
Last Weeks Range: 0.6365- 0.6503

 

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