“¢ The pair did get a minor lift on the latest US-China trade-related news. “¢ Dismal Aussie data offset the positive trigger and prompts some selling. “¢ Investors now look forward to Tuesday’s RBA decision ahead of NFP on Friday. The AUD/USD pair struggled to capitalize on the weekly bullish gap and is currently placed at the lower end of its daily trading range, just below the 0.7100 handle. The pair gapped higher at the start of a new trading week on the back of firming hopes over a US-China trade deal, fueled by a report from the Wall Street Journal on Sunday that the world’s two largest economies could reach a formal agreement at a summit around March 27. The uptick, however, lacked any strong follow-through, rather was sold into following the disappointing release of Aussie Q4 Company Operating Profits, coming in at 0.8% as compared to 3.0% expected and largely offset better than expected building permits data. Meanwhile, the prevalent risk-on mood and some renewed US Dollar weakness, despite the ongoing upsurge in the US Treasury bond yields, did little to lend any support or provide any meaningful boost to perceived riskier currencies – like the Aussie. The price action clearly seems to suggest that the near-term bearish pressure might still be far from over. Hence, it would be prudent to wait for a sustained recovery before positioning for any further near-term up-move amid absent market moving economic releases from the US. Market participants now look forward to this week’s important event/data risk, starting with the latest RBA monetary policy update on Tuesday. This coupled with the closely watched US monthly jobs report (NFP) might further contribute towards determining the pair’s next leg of a directional move. Technical levels to watch AUD/USD Overview: Today Last Price: 0.709 Today Daily change %: 0.21% Today Daily Open: 0.7075 Trends: Daily SMA20: 0.7131 Daily SMA50: 0.7133 Daily SMA100: 0.7164 Daily SMA200: 0.7252 Levels: Previous Daily High: 0.7123 Previous Daily Low: 0.7069 Previous Weekly High: 0.7199 Previous Weekly Low: 0.7069 Previous Monthly High: 0.7285 Previous Monthly Low: 0.7053 Daily Fibonacci 38.2%: 0.709 Daily Fibonacci 61.8%: 0.7102 Daily Pivot Point S1: 0.7055 Daily Pivot Point S2: 0.7035 Daily Pivot Point S3: 0.7001 Daily Pivot Point R1: 0.7109 Daily Pivot Point R2: 0.7143 Daily Pivot Point R3: 0.7163 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 US Dollar Index looks to extend gains near 96.50 FX Street 4 years "¢ The pair did get a minor lift on the latest US-China trade-related news. "¢ Dismal Aussie data offset the positive trigger and prompts some selling. "¢ Investors now look forward to Tuesday's RBA decision ahead of NFP on Friday. The AUD/USD pair struggled to capitalize on the weekly bullish gap and is currently placed at the lower end of its daily trading range, just below the 0.7100 handle. The pair gapped higher at the start of a new trading week on the back of firming hopes over a US-China trade deal, fueled by… 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.