AUD/USD stuck in the mud near 0.7200

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  • The Aussie sees continuing bearish pressure as bidders see little reason to step in this week.
  • US NFP is coming to bear on markets, and investors are focusing on the major event.

AUD/USD is shuffling its feet near 0.7225 after Thursday saw the currency from down under continue a recent bearish push, closing in the red for a fourth consecutive trading day, although buyers did appear at the latter end of Thursday’s trading, picking the pair up from October’s new low at 0.7191, but the Aussie remains constrained, seeing play towards the south side of the 50-day moving average.

Australia’s Trade Balance missed expectations on Thursday, clocking in a $600 million decline to $2.3 billion, coming in far underneath the median market forecast of 3.2 million, but the Pacific-Asia market is currently buckling down in preparation for the US NFP data drop due in the upcoming American Friday trading window.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7223
    Today Daily change: -14 pips
    Today Daily change %: -0.193%
    Today Daily Open: 0.7237
Trends:
    Previous Daily SMA20: 0.7266
    Previous Daily SMA50: 0.7185
    Previous Daily SMA100: 0.7239
    Previous Daily SMA200: 0.7413
Levels:
    Previous Daily High: 0.7275
    Previous Daily Low: 0.7192
    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%: 0.7224
    Previous Daily Fibonacci 61.8%: 0.7243
    Previous Daily Pivot Point S1: 0.7194
    Previous Daily Pivot Point S2: 0.7151
    Previous Daily Pivot Point S3: 0.7111
    Previous Daily Pivot Point R1: 0.7277
    Previous Daily Pivot Point R2: 0.7318
    Previous Daily Pivot Point R3: 0.736

 

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