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Risk pairs gain on US/China talks

September 12, 2018 by admin 0 Comments

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$200B of new tariffs may not go into effect

The headline news that Mnuchin would head proposed US/China trade talks, is giving the risk pairs a boost.

AUDUSD.

The AUDUSD moved above a trend line and 100 hour MA earlier (blue line – see post here). That was a bit more bullish. The headline sent the pair up through the 200 hour MA and a topside trend line now. The 38.2% retracement comes in at 0.7198 (from August 20 high). That is the next target.

NZDUSD…. more

ForexLive

This article was originally published by Forexlive.com. Read the original article here.