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  • RBA in the barrel, but trade wars and Fed rates remain key drivers for the Antipodeans.
  • The Aussie remains hobbled at the week’s highs near the critical 0.7300 handle.

The AUD/USD is trading into 0.7260 heading into Friday’s early overnight session with the Reserve Bank of Australia’s (RBA) latest rate statement in the pipe, and the US Dollar is seeing a resurgence across the board after the US Federal Reserve brought little new action to the table, sparking a decline on Wall Street that threatens to spread to the upcoming Pacific-Asia region.

The RBA is slated for another appearance early Friday where no change is expected as “wait and see” has been the  modus operandi of the Australian central bank for over two years and counting. Growth within Australia’s domestic economy remains a touchy subject, and although recent readings from China, Australia’s largest trading partner, have been positive, potential fallout from the US-China tradewar are likely to keep the overly-cautious RBA on their haunches.

AUD/USD Technical levels

AUD/USD

Overview:
       Last Price:  0.7262
       Daily change:  -16  pips
       Daily change:  -0.220%
       Daily Open:  0.7278
Trends:
       Daily SMA20:  0.7129
       Daily SMA50:  0.716
       Daily SMA100:  0.7267
       Daily SMA200:  0.7478
Levels:
       Daily High:  0.7302
       Daily Low:  0.7213
       Weekly High:  0.726
       Weekly Low:  0.705
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7268
       Daily Fibonacci 61.8%:  0.7247
       Daily Pivot Point S1:  0.7227
       Daily Pivot Point S2:  0.7175
       Daily Pivot Point S3:  0.7138
       Daily Pivot Point R1:  0.7316
       Daily Pivot Point R2:  0.7354
       Daily Pivot Point R3:  0.7405