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AUDUSD gets hit on the back of China tariff rumblings


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Pair tests support area

The AUDUSD is getting hit on the back of the rumblings that Pres. Trump is wanting to enact the $200B of tariffs on China.

The price has moved to new session lows and tests the 200 hour MA and 50% retracement at the 0.7156 and the 100 hour at 0.71484.
A move below is more bearish.
The NZDUSD has also moved lower and test it’s 200 hour MA at 0.65533. The 100 hour MA is at 0.6543.

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