- AUD catching thin buying action on trade hopes.
- Overall markets remain subdued for holidays.
AUD/USD caught a mild bid heading through the year’s end trading window, rising to an intraday high of 0.7067 as investors begin to allow themselves a bit of hope for successful trade talks between the US and China.
Trump tweets from the weekend on China and trade
Though investors are looking confident heading into the break of 2019, little concrete evidence of progress on talks has yet to be seen, but the Antipodean is managing to build mild support regardless, climbing from the day’s opening lows near 0.7040, though the Aussie remains firmly buried within near-term consolidation as broader markets look set to take the New Years holiday off, and Pacific-Asia investors could see a rush of cash returning to the markets for the second half of the week.
AUD/USD Technical Levels
AUD/USD
Overview:
Today Last Price: 0.706
Today Daily change: 21 pips
Today Daily change %: 0.298%
Today Daily Open: 0.7039
Trends:
Previous Daily SMA20: 0.7163
Previous Daily SMA50: 0.7188
Previous Daily SMA100: 0.7196
Previous Daily SMA200: 0.736
Levels:
Previous Daily High: 0.707
Previous Daily Low: 0.7019
Previous Weekly High: 0.7078
Previous Weekly Low: 0.7014
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7051
Previous Daily Fibonacci 61.8%: 0.7038
Previous Daily Pivot Point S1: 0.7015
Previous Daily Pivot Point S2: 0.6992
Previous Daily Pivot Point S3: 0.6964
Previous Daily Pivot Point R1: 0.7066
Previous Daily Pivot Point R2: 0.7094
Previous Daily Pivot Point R3: 0.7117
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