The AUD/USD pair is limited by a downtrend

The AUD/USD pair, despite the correction of the US dollar, is trading lower on preserving the risks of the US and China trade confrontation. As a result, a downward trend remains, with the upper limit at 0.7200-20. In conditions of continuing risks from these levels, it is expected to repel with a resumption of decline to support levels: 0.7130 and 0.7100.

Read also: “Emerging markets and their prospects: Mexican Peso (MXN)”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Swedish Krona. Features of trading Scandinavian currencies
2. Norwegian Krone. Features of trading Scandinavian currencies
3. Stock indices of America: Canada, Mexico and Brazil

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!