AUD/USD staggers after recovering 0.7200
|- The Aussie recovered to 0.7200 in early Monday action, but bullish momentum has stalled quickly.
- The ongoing US-China trade war remains the key market factor cutting the Aussie off at the legs.
AUD/USD remains unmoved from the 0.7200 zone, testing near 0.7220 but intraday momentum has stalled at the key figure as Pacific markets settle back down after a brief Monday recovery which saw the Aussie reclaim some 40 pips from the day's early three-week low at 0.7178.
Australian economic data remains limited this week, though Tuesday's early trading window will be seeing Australia's Q3 Housing Price Index early on at 00:30 GMT, which is expected to continue contracting from -0.7% to -1.5% as investors remain bearish on Australia's worrying housing economy, and a steepening contraction in housing prices will do little to keep the AUD upright heading into a tense week with plenty of US-China trade angst on the offering.
AUD/USD Technical Levels
AUD/USD
Overview:
Today Last Price: 0.7214
Today Daily change: 7.0 pips
Today Daily change %: 0.0971%
Today Daily Open: 0.7207
Trends:
Previous Daily SMA20: 0.7265
Previous Daily SMA50: 0.7185
Previous Daily SMA100: 0.7237
Previous Daily SMA200: 0.741
Levels:
Previous Daily High: 0.7242
Previous Daily Low: 0.7198
Previous Weekly High: 0.7394
Previous Weekly Low: 0.7192
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7215
Previous Daily Fibonacci 61.8%: 0.7225
Previous Daily Pivot Point S1: 0.7189
Previous Daily Pivot Point S2: 0.7171
Previous Daily Pivot Point S3: 0.7145
Previous Daily Pivot Point R1: 0.7233
Previous Daily Pivot Point R2: 0.726
Previous Daily Pivot Point R3: 0.7278
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.