- 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.
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
Today Last Price: 0.7169
Today Daily change: -4.0 pips
Today Daily change %: -0.0558%
Today Daily Open: 0.7173
Previous Daily SMA20: 0.7101
Previous Daily SMA50: 0.7186
Previous Daily SMA100: 0.7173
Previous Daily SMA200: 0.7323
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