AUD/USD shuffling its feet near 0.7250

The AUD/USD was one of the least-exciting pairs of the G10 markets through Thursday's trading sessions, settling into a barely 35-pip range heading into the week's end, and Friday promises little to-do with a clear economic calendar for the Pacific-Asia session, as well as holiday markets in Japan promising tight trading volumes.

The Aussie sees little impactful economic data on the docket for Friday, and next week looks similarly thinned-out, but this may be a blessing in disguise: recent data releases for Australia, while overall positive, have only highlighted the fact that the Australian housing market remains a conundrum to the Reserve Bank of Australia (RBA) with stuttering markets in key metro demographics, and rock-bottom Unemployment figures are doing little to adequately spur along wage growth, while the overall Australian economy remains at-risk as the US and China continue to crash skulls together over international trade and tariffs, with a potential slowdown in China's domestic economy threatening to spill over and spoil the flicker of growth the RBA has been jealously protecting with an on-hold policy stance for over two years.

Japan will be dark for Friday in observance of the Labor Thanksgiving Day holiday, in a continuation of fall holidays that saw US markets take the day off on Thursday, leaving late-session markets on thin trading volumes, and the early Friday trading window, while open to quick price movements, is unlikely to pick a meaningful direction in the early hours.

AUD/USD Levels to watch

A sideways Aussie could see further bull moves in the near future as long as US Dollar flows remain soft, according to FXStreet's own Valeria Bednarik: "the pair trades around the 50% retracement of its 0.7182/0.7337 rally, maintaining a neutral stance in its 4 hours chart, as the price is below a bearish 20 SMA, while still above the 100 SMA, this last, heading north and converging with the 61.8% retracement of the mentioned advance at around 0.7225. Technical indicators in the mentioned chart hover within negative levels without clear directional strength. The pair could advance if it manages to break the 0.7265 immediate resistance, although seems unlikely it could take out the 0.7300 figure. The bearish case will be stronger only with a break below 0.7200."

Support levels: 0.7225 0.7200 0.7170      

Resistance levels:  0.7265 0.7300 0.7340