Is the trade war intensifying?

<div><div>Hi everyone,</div><div>Before I start off my trade analysis, I would need a quick favour from you. I am in the process of cleaning up my subscriber list. If you would like to continue to receive our newsletter, trade analysis, educational sharing and updates, please take a quick minute to fill up this form via the link below. (ignore this if you have already filled it up)</div><div><a href="http://bit.ly/continuetoreceive">http://bit.ly/continuetoreceive</a></div><div>Thank you for the continuous support, there will be more goodies coming your way.</div><div>Trade Analysis</div><div>The recent market talk is all about the trade war intensifying between the US and China and now the EU. The Dow Jones Industrial index has been dropping since the beginning of the month of June.</div><div>How does this affect the Forex markets? It kicks in the Risk Off trades, and we have seen people flocking to the safe heaven USD and naturally selling off the commodities currencies (AUD, NZD, CAD).</div><div>However from the charts, I see a potential stabilising of the AUDUSD, the pair seems to have found support for the past week at around 0.7340/60. I have spotted a bullish Bat pattern on the H1.</div><img src="http://static.wixstatic.com/media/74b143_0005ad18d3744f13a09ea411a5e9aec4~mv2.png" /><div>Looking for price to react to 0.7351 and targeting for a move up to 0.7407. Let's monitor this closely. </div><div>Cheers everyone. Trade well and trade safe.</div><div>Please fill up the form above if you have not done so, you would not want to miss out on the future notifications from us. </div></div>