The Aussie remains upright as buyer’s remain confidence heading into the new week. Despite weak underlying, China Caixin PMI data provides further support for the upside. The AUD/USD finds itself trading into the 0.7350 level, with intraday support coming from a better-than-expected Caixin PMI from China, while the 90-day extension on January’s tariff action between the US and China is helping to revive broader risk appetite. China Caixin manufacturing PMI showed new export orders extended decline in November China’s Monday Caixin PMI reading may have managed to beat expectations, printing at 50.2 versus the forecast 50.0 (last 50.1), the underlying figures reveal a cautionary note: the sub-index for new export orders in November shrank to 47.7, a decline from the previous month’s 48.8. The G20 Leader’s Summit over the weekend saw a temporary de-escalation in trade war tensions between the US and China, with President Trump and China’s Xi agreeing to hold off on any further tariffs or tariff rate hikes for another 90 days, easing market tensions about January’s planned tariff hikes where the US was set to increase tariffs against China to 25%, and the extension will see the two sides returning to the negotiations table. AUD/USD Technical Levels AUD/USD Overview:     Today Last Price:  0.7351     Today Daily change:  42  pips     Today Daily change %:  0.575%     Today Daily Open:  0.7309 Trends:     Previous Daily SMA20:  0.7255     Previous Daily SMA50:  0.7181     Previous Daily SMA100:  0.7243     Previous Daily SMA200:  0.7423 Levels:     Previous Daily High:  0.7327     Previous Daily Low:  0.7284     Previous Weekly High:  0.7345     Previous Weekly Low:  0.7199     Previous Monthly High:  0.7345     Previous Monthly Low:  0.7072     Previous Daily Fibonacci 38.2%:  0.73     Previous Daily Fibonacci 61.8%:  0.7311     Previous Daily Pivot Point S1:  0.7286     Previous Daily Pivot Point S2:  0.7264     Previous Daily Pivot Point S3:  0.7243     Previous Daily Pivot Point R1:  0.7329     Previous Daily Pivot Point R2:  0.735     Previous Daily Pivot Point R3:  0.7372  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 Fed to hike rates in December 2018 then March and June 2019 – Morgan Stanley FX Street 4 years The Aussie remains upright as buyer's remain confidence heading into the new week. Despite weak underlying, China Caixin PMI data provides further support for the upside. The AUD/USD finds itself trading into the 0.7350 level, with intraday support coming from a better-than-expected Caixin PMI from China, while the 90-day extension on January's tariff action between the US and China is helping to revive broader risk appetite. China Caixin manufacturing PMI showed new export orders extended decline in November China's Monday Caixin PMI reading may have managed to beat expectations, printing at 50.2 versus the forecast 50.0 (last 50.1), the underlying… 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.