AUD/USD hung up on 0.7200, bulls see little reason to push for more
|- With a thin data docket on the offering this week, the Aussie remains fully exposed to broad-market flows.
- All eyes and ears are going to be on the Trump-Xi meeting at G20 as investors brace for fallout.
The AUD/USD pairing remains trapped near 0.7200, finding little reason to move in early Tuesday action as the pair sticks to the early week's close cycles around familiar levels.
This week's economic calendar has been a clear showing for the Aussie, and will continue to do so for the rest of the week, although upcoming US data promises plenty of volatility on the Greenback side of the AUD/USD, with a speech from the US Federal Reserve's Chairman Jerome Powell on Wednesday alongside a fresh round of quarterly GDP figures, followed by the last FOMC Meeting Minutes on Thursday, and Friday.
Trade war rhetoric continues to take pride-of-place among concerns for the majority of Asia-Pacific investors, and the early sessions can expect to continue seeing restrained action in the run-up to the Trump-Xi sideline meeting during the G20 summit, which takes place beginning November 30th.
AUD/USD Technical levels
AUD/USD
Overview:
Today Last Price: 0.7227
Today Daily change: -1.0 pips
Today Daily change %: -0.0138%
Today Daily Open: 0.7228
Trends:
Previous Daily SMA20: 0.7232
Previous Daily SMA50: 0.7179
Previous Daily SMA100: 0.7245
Previous Daily SMA200: 0.7432
Levels:
Previous Daily High: 0.727
Previous Daily Low: 0.7199
Previous Weekly High: 0.7327
Previous Weekly Low: 0.7202
Previous Monthly High: 0.724
Previous Monthly Low: 0.702
Previous Daily Fibonacci 38.2%: 0.7226
Previous Daily Fibonacci 61.8%: 0.7243
Previous Daily Pivot Point S1: 0.7195
Previous Daily Pivot Point S2: 0.7162
Previous Daily Pivot Point S3: 0.7124
Previous Daily Pivot Point R1: 0.7266
Previous Daily Pivot Point R2: 0.7303
Previous Daily Pivot Point R3: 0.7336
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