- 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.
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
Today Last Price: 0.7318
Today Daily change: 1.0 pips
Today Daily change %: 0.0137%
Today Daily Open: 0.7317
Previous Daily SMA20: 0.7249
Previous Daily SMA50: 0.718
Previous Daily SMA100: 0.7244
Previous Daily SMA200: 0.7426
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
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