Tweeted a Brexit deal could be struck

 SYDNEY: The Australian and New Zealand dollars seesawed on Wednesday as a report of a possible Brexit deal was offset by an unexpected roadblock to the long-awaited US stimulus package.

The Aussie had edged higher when an ITV reporter tweeted a Brexit deal could be struck on Wednesday. The cheer was muted when President Donald Trump said he wanted Congress to amend the coronavirus aid bill.That left the Aussie a fraction firmer at $0.7529, off its recent 2-1/2 year peak of $0.7639. Chart support comes in around $0.7510 and $0.7463.

Some profit taking would be natural given the currency is ahead a solid 8% for the year, but more importantly up a massive 36% from the trough hit during the market madness of mid-March.

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