AUD/USD climbs to 0.7400 area as DXY slumps below 91.80


  • AUD/USD continues to push higher in American session.
  • Wall Street's main indexes trade in the positive territory.
  • US Dollar Index falls to its lowest level since early September.

The AUD/USD pair preserved its bullish momentum during the American trading hours on Friday and touched its highest level in nearly three months at 0.7399. As of writing, the pair was up 0.43% on a daily basis at 0.7393.

USD continues to weaken against its rivals

For the majority of the day, the US Dollar Index (DXY) moved sideways near 92.00. With Wall Street's main indexes starting the last day of the week in the positive territory, the greenback came under renewed bearish pressure and the DXY dropped to its lowest level since early September.

At the moment, the DXY is losing 0.22% on the day at 91.78 and the S&P 500 Index gains 0.33%. Additionally, the Nasdaq Composite is trading at a fresh all-time high of 12,297, advancing 1.2%.

There won't be any macroeconomic data releases in the remainder of the day and the stock and bond markets in the US will close early in observance of the Thanksgiving holiday.

Technical levels to watch for

AUD/USD

Overview
Today last price 0.7392
Today Daily Change 0.0034
Today Daily Change % 0.46
Today daily open 0.7358
 
Trends
Daily SMA20 0.7259
Daily SMA50 0.7182
Daily SMA100 0.7182
Daily SMA200 0.6853
 
Levels
Previous Daily High 0.7375
Previous Daily Low 0.7352
Previous Weekly High 0.734
Previous Weekly Low 0.7254
Previous Monthly High 0.7244
Previous Monthly Low 0.7002
Daily Fibonacci 38.2% 0.7361
Daily Fibonacci 61.8% 0.7366
Daily Pivot Point S1 0.7348
Daily Pivot Point S2 0.7339
Daily Pivot Point S3 0.7326
Daily Pivot Point R1 0.7371
Daily Pivot Point R2 0.7384
Daily Pivot Point R3 0.7393

 

 

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