AUD/USD Outlook (21st March 2019)

U.S.-China Trade War intensifies
AUD/USD broke key level

Price Movement
Since yesterday, AUD/USD had moved up by around 90pips.

Trend
Currently, AUD/USD is trending upwards.

Important Issue
This morning at around 0033 (SGT), Trump mentioned in an interview that “We're not talking about removing tariffs, we're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal”.

Technical
This morning, AUD/USD broke the 0.71 key level.
It is currently heading towards the resistance level of 0.71800.

Price Levels
Current Price: 0.71626
Next Resistance: 0.71800
Next Support: 0.70185