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.

Joshua Gibson FXStreet

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

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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