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China’s CPI dipped to 0.2% in the month-on-month reading for October, sending the Aussie knocking lower as risk appetite unravels in the early Asian trading session.

China’s CPI drops to 0.2% m/m in October, meets estimates

Inflation readings continue to flash warnings of a steepening slowdown in China’s domestic economy at the hands of trade war tensions, and declining figures for Australia’s largest trading partner is seeing the Aussie soften its stance heading into the week’s end, with the AUD/JPY slipping further from yesterday’s high just north of the 83.00 handle, and the pair is now bumping into near-term support from the 50-hour EMA, which rests near 82.55.

AUD/JPY Technical Levels

AUD/JPY

Overview:
       Last Price:  82.59
       Daily change:  -17  pips
       Daily change:  -0.205%
       Daily Open:  82.76
Trends:
       Daily SMA20:  80.43
       Daily SMA50:  80.57
       Daily SMA100:  81.24
       Daily SMA200:  82.12
Levels:
       Daily High:  83.06
       Daily Low:  82.51
       Weekly High:  81.96
       Weekly Low:  79.1
       Monthly High:  82.5
       Monthly Low:  78.56
       Daily Fibonacci 38.2%:  82.85
       Daily Fibonacci 61.8%:  82.72
       Daily Pivot Point S1:  82.5
       Daily Pivot Point S2:  82.23
       Daily Pivot Point S3:  81.95
       Daily Pivot Point R1:  83.05
       Daily Pivot Point R2:  83.33
       Daily Pivot Point R3:  83.6