AUD/USD constrained just above 0.7300

Early market action continuing in a thin range ahead of upcoming G20 summit.
China PMI data came in on the soft side, but markets are focused on Trump-Xi meeting.

Joshua Gibson FXStreet

The AUD/USD is continuing to trade sideways through a thin Friday early trading session, holding steady just above 0.7300.

Data remains thin in the Pacific-Asia trading session, with Australia's low-tier Prive Sector Credit data coming in exactly identical with their previous readings (y/y 4.6%, m/m 0.4%), while Chinese Non-manufacturing PMIs for November slipped from 53.9 to 53.4, with NBS Manufacturing PMIs for the same period slipping to 50, missing the forecast steady reading at 50.2.

Investor tensions are pulled tight in the final countdown to the G20 meeting, where US President Trump and China's Xi Jinping are expected to have a sideline meeting, and markets will be anticipating plenty of trade-related headlines when the market opens next week.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7318
    Today Daily change: 1.0 pips
    Today Daily change %: 0.0137%
    Today Daily Open: 0.7317
Trends:
    Previous Daily SMA20: 0.7249
    Previous Daily SMA50: 0.718
    Previous Daily SMA100: 0.7244
    Previous Daily SMA200: 0.7426
Levels:
    Previous Daily High: 0.7345
    Previous Daily Low: 0.7272
    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%: 0.7317
    Previous Daily Fibonacci 61.8%: 0.73
    Previous Daily Pivot Point S1: 0.7278
    Previous Daily Pivot Point S2: 0.7239
    Previous Daily Pivot Point S3: 0.7205
    Previous Daily Pivot Point R1: 0.735
    Previous Daily Pivot Point R2: 0.7384
    Previous Daily Pivot Point R3: 0.7423

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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