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  • Early market action continuing in a thin range ahead of upcoming G20 summit.
  • China PMI data came in on the soft side, but markets are focused on Trump-Xi meeting.

The AUD/USD is continuing to trade sideways through a thin Friday early trading session, holding steady just below 1.1400.

Data remains thin in the Pacific-Asia trading session, with Australia’s low-tier Prive Sector Credit data coming in exactly identical with their previous readings (y/y 4.6%, m/m 0.4%), while Chinese Non-manufacturing PMIs  for November slipped from 53.9 to 53.4, with NBS Manufacturing  PMIs for the same period slipping to 50, missing the forecast steady reading at 50.2.

Investor tensions are pulled tight in the final countdown to the G20 meeting, where US President Trump and China’s Xi Jinping are expected to have a sideline meeting, and markets will be anticipating plenty of trade-related headlines when the market opens next week.

AUD/USD Technical Levels

AUD/USD

Overview:
       Today Last Price:  0.7318
       Today Daily change:  1.0  pips
       Today Daily change %:  0.0137%
       Today Daily Open:  0.7317
Trends:
       Previous Daily SMA20:  0.7249
       Previous Daily SMA50:  0.718
       Previous Daily SMA100:  0.7244
       Previous Daily SMA200:  0.7426
Levels:
       Previous Daily High:  0.7345
       Previous Daily Low:  0.7272
       Previous Weekly High:  0.7327
       Previous Weekly Low:  0.7202
       Previous Monthly High:  0.724
       Previous Monthly Low:  0.702
       Previous Daily Fibonacci 38.2%:  0.7317
       Previous Daily Fibonacci 61.8%:  0.73
       Previous Daily Pivot Point S1:  0.7278
       Previous Daily Pivot Point S2:  0.7239
       Previous Daily Pivot Point S3:  0.7205
       Previous Daily Pivot Point R1:  0.735
       Previous Daily Pivot Point R2:  0.7384
       Previous Daily Pivot Point R3:  0.7423