The AUDUSD tests the 200dma on hopes of positive US and China trade talks.
Since the AUDUSD rallied from the late North American session selloff from a couple weeks back, the rally has stalled at the 200DMA. The rally has a lot to do with positioning and a “short squeeze” amid the hopes of constructive US and China trade talks but a break above this area will target the 0.74 previous high.
Blake Morrow
