{"id":24329,"date":"2022-12-22T09:35:21","date_gmt":"2022-12-22T09:35:21","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/is-the-freeze-in-australia-and-china-relationship-over\/"},"modified":"2023-07-13T19:56:02","modified_gmt":"2023-07-13T19:56:02","slug":"is-the-freeze-in-australia-and-china-relationship-over","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/th\/is-the-freeze-in-australia-and-china-relationship-over\/","title":{"rendered":"Is The Freeze In Australia And China Relationship Over?"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

In signs that the cold freeze in the relationship between Australia and China is potentially
coming to an end, Australia Foreign Minister Penny Wong met with her counterpart in
Beijing, and Chinese President Xi Jinping exchanged warm messages with Anthony
Albanese the Prime Minister of Australia<\/a>.<\/p>\n\n\n\n

Aussie Dollar On the Move<\/h2>\n\n\n\n
\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

The potential warming of the relationships between the two nations, could affect the
movements on the Aussie dollar. As Australian industries that previously suffered from
China\u2019s trade constrains, may once again, be able to sell to the vast market that is the
Chinese consumer.<\/p>\n\n\n\n

As the news broke out, we saw moves in the Aussie dollar, which strengthened against
many of it\u2019s trading partners, and on AUDNZD<\/a> even broke the Daily downtrend that it was
in since the beginning of October.<\/p>\n\n\n\n

ASX 200 Bouncing of Support<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The news has also seen the ASX 200<\/a> responding with a bounce of the area around 7000,
which has been a strong level of Support and Resistance in the past, and being a round
number, it is also a psychological level. (Think about item\u2019s pricing, there\u2019s a psychological
reason why an item may be priced at $9.99 and not $10.00).<\/p>\n\n\n\n

For the coming days, I\u2019ll be keeping a close eye on the Aussie dollar crosses as well as
the Australian Index, the ASX 200 for potential moves.<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! In signs that the cold freeze in […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Australia-China Relationship: Thawing? | %%sitetitle%%","_seopress_titles_desc":"Discover the latest developments and potential shifts in the Australia-China relationship. Stay informed on the impact for traders and investors.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24329","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/comments?post=24329"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media?parent=24329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/categories?post=24329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/tags?post=24329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}