“¢ RBA cuts its economic growth forecasts and prompts some fresh selling. “¢ Resurfacing US-China trade tensions add to the downward momentum. “¢ Risk-off mood does little to lend any support or ease the bearish pressure. The AUD/USD pair struggled to register any meaningful recovery and remained within striking distance of over one-month lows, set earlier during the Asian session. Extended its rejection slide from the very important 200-day SMA, the pair remained under some selling pressure for the fifth session in the previous six and added to this week’s hefty losses after the Reserve Bank of Australia (RBA) lowered the domestic growth forecasts. Meanwhile, resurfacing US-China trade tensions, coupled with the prevalent risk-off mood further collaborated towards driving flows away from the China-proxy/perceived riskier Australian Dollar and aided the US Dollar to continue strengthening for the sixth straight session. However, near-term oversold conditions now seemed to be the only factor that helped ease the bearish pressure, at least for the time being. Nevertheless, the pair remains on track to post its lowest weekly close of 2019 and erase all of the gains posted since early January. There isn’t any major US market moving economic data due for release and hence, the USD price dynamics/broader market risk-sentiment now seem to act as key determinants of the pair’s momentum on the last trading day of the week. Technical levels to watch AUD/USD Overview: Today Last Price: 0.7082 Today Daily change %: -0.30% Today Daily Open: 0.7103 Trends: Daily SMA20: 0.718 Daily SMA50: 0.7161 Daily SMA100: 0.7171 Daily SMA200: 0.7285 Levels: Previous Daily High: 0.712 Previous Daily Low: 0.7088 Previous Weekly High: 0.7296 Previous Weekly Low: 0.7138 Previous Monthly High: 0.7296 Previous Monthly Low: 0.6684 Daily Fibonacci 38.2%: 0.71 Daily Fibonacci 61.8%: 0.7108 Daily Pivot Point S1: 0.7087 Daily Pivot Point S2: 0.7072 Daily Pivot Point S3: 0.7055 Daily Pivot Point R1: 0.7119 Daily Pivot Point R2: 0.7136 Daily Pivot Point R3: 0.7151 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF eases from daily highs, stays above 1.0000 FX Street 4 years "¢ RBA cuts its economic growth forecasts and prompts some fresh selling. "¢ Resurfacing US-China trade tensions add to the downward momentum. "¢ Risk-off mood does little to lend any support or ease the bearish pressure. The AUD/USD pair struggled to register any meaningful recovery and remained within striking distance of over one-month lows, set earlier during the Asian session. Extended its rejection slide from the very important 200-day SMA, the pair remained under some selling pressure for the fifth session in the previous six and added to this week's hefty losses after the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.