- 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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.