New China tariffs send dollar lower on increased safe-haven demand

The pair fell to daily low at 106.38 after China announced its tariff retaliation, materializing their earlier warning about response to new US tariffs on imports from China from 1 Sep.
Dovish comments from Fed’s Bullard, just hours ahead of Powell’s speech, added to negative sentiment, as traders already turned into safe-have after Chinese announcement.
Fresh easing moved the price away from key barriers at 106.68/66 (20DMA / Fibo), but rising bullish momentum and north-heading stochastic support near-term action, ahead of today’s key event, Fed Powell’s speech in Jackson Hole symposium.

Res: 106.68; 106.97; 107.13; 107.57
Sup: 106.38; 106.27; 106.16; 105.65