AUDUSD Chart Technical Outlook is expected to remain weak, aiming for 0.6440 support as trade war fears resurface.
A post from President-elect Donald Trump promising a 10% hike in all products from China products rattled markets on Tuesday, sending the US Dollar higher across the board.
The Aussie has been amongst the hardest hit currencies, as China is Australia’s main trading partner.
Investors’ concerns about the reactivation of a Sino-US trade war are likely to keep Aussie bears in control, with the focus on the 0.6440 support area. Below here, the
target is 0.6350. Resistances are 0.6480 and 0.6515
