Home / News / AUDUSD beginning to fall away from 0.7200

AUDUSD beginning to fall away from 0.7200

  • Aussie markets beginning to step lower as confidence starts to wane in the Asia-Pacific trading window.
  • Australian data continues to miss the mark, keeping the AUD under wraps.

AUD/USD is trading softly for early Thursday, testing into 0.7165 as the Aussie-Dollar pairing begins to slip further from the 0.7200 region on waning risk appetite in the Pacific sector.

Broad-market hopes of improving trade relations between the US and China are beginning to show cracks as developments continue to look few and far between and the clock continues to wind down on a 90-day tariff cease-fire between the two nations. With Australia closely tied to China’s fate, the AUD is struggling in the fx space, waffling against the Greenback and heading for a downturn in the charts from 0.7200.

Mid-tier Aussie data to kick off Thursday’s trading largely missed the mark as well, with Australian Consumer Inflation Expectations ticking from 4.0% to 3.5%, and November Home Loans data showing a -0.9% decrease over the previous period’s 2.2% growth.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7169
    Today Daily change: -4.0 pips
    Today Daily change %: -0.0558%
    Today Daily Open: 0.7173
Trends:
    Previous Daily SMA20: 0.7101
    Previous Daily SMA50: 0.7186
    Previous Daily SMA100: 0.7173
    Previous Daily SMA200: 0.7323
Levels:
    Previous Daily High: 0.7212
    Previous Daily Low: 0.7161
    Previous Weekly High: 0.7236
    Previous Weekly Low: 0.7089
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Previous Daily Fibonacci 38.2%: 0.7181
    Previous Daily Fibonacci 61.8%: 0.7193
    Previous Daily Pivot Point S1: 0.7152
    Previous Daily Pivot Point S2: 0.7131
    Previous Daily Pivot Point S3: 0.7101
    Previous Daily Pivot Point R1: 0.7203
    Previous Daily Pivot Point R2: 0.7234
    Previous Daily Pivot Point R3: 0.7255

 

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