AUDUSD Chart Technical Outlook is set to remain vulnerable, supports are 0.6545 and 0.6510
After securing the majority in the Senate, news reports are starting to give Trump the victory in Congress. This paves the path for a protectionist turn of the world’s main economy, to the detriment of Chinese exports.
Such a scenario would deepen China’s economic slowdown, with a serious impact on Australia, one of its main partners.
In the absence of key data from Australia, these concerns have snapped the Aussie’s recovery attempts, pushing the pair back to 0.6550, with the three-month low at 0.6515 at a short distance. Resistances are 0.6595 and 0.6685.
