-
AUD/USD Forex Technical Analysis – Forecast
The Australian Dollar is trading slightly better early Friday after spiking to the upside the previous session in response to a series of news articles speculating that the Trump administration is considering a reduction in U.S. tariffs on Chinese imports. According to The Wall Street Journal, U.S. officials are debating ratcheting back tariffs on Chinese imports. However, later in the session, the U.S. Treasury refuted the WSJ claims. At 0200 GMT, the AUD/USD is trading .7202, up 0.0009 or +0.12%. Daily Technical Analysis The main trend is down according to the daily swing chart. A trade through .7236 will change ... (full story)