AUDUSD dropped to August 7th Low near 0.66800 in the start of the Asian Session after President Donald Trump said Beijing requested new China trade talks after both sides escalated the trade war on Friday. The pair dropped to almost 0.58% forming a bearish gap below the Friday NY close. The prolonged consolidation movement for crashed by a bearish fake-out but the outlook turned bullish in a short time falling again inside the consolidation trap.Technically in one hour, Aussie finds resistance near 0.67600 below the 200 MA testing the descending trendline for the third time which may lead for a short term bearish move to the channel Support which is unlikely. Trump announced an increase in planned tariffs on the remaining $300 billion worth of Chinese goods to 15% from 10%. The United States will begin imposing those tariffs on some products starting September 1, but tariffs on about half of those goods have been delayed until December 15. This came after China earlier on Friday announced retaliatory tariffs on USD 75B US imports and kept exerting some downward pressure on the China-proxy Australian Dollar.Buyers will wait for a impulsive move above 0.67800 and 0.68000 where the AUDUSD will surge above the consolidation region once the 0.68000 barrier is broken.