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  • The Aussie is getting knocked lower in early Tuesday action after the US announced $200 billion in tariffs against China, to take effect September 24th.
  • Risk appetite will be taking a turn downside heading through the week after President Trump also threatened another $267 billion in tariffs if China responds, which is highly expected.
  • The RBA showing today is unlikely to drive much bullish momentum for the AUD/USD as trade steps to the forefront.

AUD/USD Chart, 15-Minute

Spot rate 0.7152
Relative change -0.30%
High 0.7183
Low 0.7150
Trend Sideways to bearish
Support 1 0.7141 (previous day low)
Support 2 0.7085 (previous week low)
Support 3 0.7000 (major technical level)
Resistance 1 0.7170 (convergence of 200, 50, and 21-hour EMAs)
Resistance 2 0.7196 (previous day high)
Resistance 3 0.7229 (previous week high)


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