Don't trade Aussie this week!Dear traders,
Among the top 8 forex market currencies, tariffs war affects the Aussie most, because Australia is highly dependent on China.
Rank Trading Partner Exports (A$ million)
1 China 185,141
2 Japan 119,889
3 European Union 31,816
4 United States 30,690
Uncertainty about China's future means, fluctuations in Aussie. I don't trade AUDUSD this week,
only if everything goes well with negotiations between Trump and China, I might use confirmed break over zone of 0.64355 to take long trades.
Regards, Ali
