FX.co ★ Trading idea for AUDUSD

Good day, dear traders! This morning, the markets reacted quite sharply to the news that China and the US have decided to gradually abandon the previously imposed tariffs. And of course, the US dollar and gold reacted to such a statement. But of the Pacific currencies, the Australian dollar is the most sensitive to the Chinese news background.

Therefore, now we can observe an interesting impulse on the AUD/USD instrument, which gives good hints on the further growth of this currency pair. For this reason, today I recommend looking at purchases, but only in the case of a rollback. Without it, the profitability of the transaction will be unprofitable. I will consider the complete cancellation of the purchase scenario an update of the minimum of today, that is, the mark of 0.6861. The immediate goal for growth is expected at 0.6930.

I wish you success in trading and big profits!