- The Aussie continues to trade flatly near familiar levels as markets await trade headlines.
- The US could consider lifting tariffs on China, but details remain thin.
AUD/USD heads into Friday nailed to the 0.7190 figure, bolstered at the tail end of Thursday’s US session by trade war headlines, but ultimately remaining firmly entrenched in consolidation near the 0.7200 major level.
Headlines suggested that the US may be set to lift some tariffs on China, helping to prop up the Aussie briefly and sending the pair into 0.7220, but until action is seen on the trade war front AUD/USD is set to continue spinning in place for the foreseeable future.
Little of note remains on the economic docket for the Aussie, though traders will be getting set for next week’s employment reports, far off on the horizon for next Thursday.
AUD/USD Technical Levels
AUD/USD
Overview:
Today Last Price: 0.7186
Today Daily change: -10 pips
Today Daily change %: -0.153%
Today Daily Open: 0.7197
Trends:
Daily SMA20: 0.7105
Daily SMA50: 0.7184
Daily SMA100: 0.7172
Daily SMA200: 0.732
Levels:
Previous Daily High: 0.7222
Previous Daily Low: 0.7146
Previous Weekly High: 0.7236
Previous Weekly Low: 0.7089
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Daily Fibonacci 38.2%: 0.7193
Daily Fibonacci 61.8%: 0.7175
Daily Pivot Point S1: 0.7155
Daily Pivot Point S2: 0.7112
Daily Pivot Point S3: 0.7079
Daily Pivot Point R1: 0.7231
Daily Pivot Point R2: 0.7264
Daily Pivot Point R3: 0.7307
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