AUD/USD recovery finds resistance around 0.7140 and retreats

The pair failed to benefit from USD slide versus the yen and European currencies.
Key data ahead: Australian employment report.

Matías Salord FXStreet

The recovery of the AUD/USD pair found resistance at the 0.7140 area and pulled back. The pair remains steady, hovering around 0.7130. During the US session bottomed at 0.7122 while it failed to test again 0.7140.

The US Dollar spiked lower against the yen and major European currencies, but AUD/USD held steady, unable to benefit. A retreat from the top in US yields and also in equity prices also took place during the last hour.

Regarding data, the US Richmond Fed Manufacturing Index improved from -8 to -2 in January. In Australia, on Thursday at 00:30 GMT, the employment report is due. An increase of 16.5K in employment is expected.

AUD/USD Key levels to watch

The Aussie remains supported by a weak US dollar but still limited. A break above 0.7140 would open the doors to further gains for the pair. The next resistance is seen at 0.7160 (Jan 22 high). On the flip side, under 0.7120 a test of yesterday’s low at 0.7114 seems likely; below the 0.7100 area would be exposed.

AUD/USD

Overview:
    Today Last Price: 0.7133
    Today Daily change: 0.0015 pips
    Today Daily change %: 0.21%
    Today Daily Open: 0.7118
Trends:
    Daily SMA20: 0.7121
    Daily SMA50: 0.7181
    Daily SMA100: 0.7171
    Daily SMA200: 0.7311
Levels:
    Previous Daily High: 0.7162
    Previous Daily Low: 0.7115
    Previous Weekly High: 0.7226
    Previous Weekly Low: 0.7146
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Daily Fibonacci 38.2%: 0.7133
    Daily Fibonacci 61.8%: 0.7144
    Daily Pivot Point S1: 0.7102
    Daily Pivot Point S2: 0.7085
    Daily Pivot Point S3: 0.7055
    Daily Pivot Point R1: 0.7149
    Daily Pivot Point R2: 0.7179
    Daily Pivot Point R3: 0.7196

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data

The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles to lure buyers amid UK political drama, BoE easing bias

The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade just below the 1.3500 psychological mark, nearly unchanged for the day, and seem vulnerable to slide further.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.