AUD/USD staggers after recovering 0.7200
- The Aussie recovered to 0.7200 in early Monday action, but bullish momentum has stalled quickly.
- The ongoing US-China trade war remains the key market factor cutting the Aussie off at the legs.
AUD/USD remains unmoved from the 0.7200 zone, testing near 0.7220 but intraday momentum has stalled at the key figure as Pacific markets settle back down after a brief Monday recovery which saw the Aussie reclaim some 40 pips from the day's early three-week low at 0.7178.
Australian economic data remains limited this week, though Tuesday's early trading window will be seeing Australia's Q3 Housing Price Index early on at 00:30 GMT, which is expected to continue contracting from -0.7% to -1.5% as investors remain bearish on Australia's worrying housing economy, and a steepening contraction in housing prices will do little to keep the AUD upright heading into a tense week with plenty of US-China trade angst on the offering.
AUD/USD Technical Levels
Today Last Price: 0.7214
Today Daily change: 7.0 pips
Today Daily change %: 0.0971%
Today Daily Open: 0.7207
Previous Daily SMA20: 0.7265
Previous Daily SMA50: 0.7185
Previous Daily SMA100: 0.7237
Previous Daily SMA200: 0.741
Previous Daily High: 0.7242
Previous Daily Low: 0.7198
Previous Weekly High: 0.7394
Previous Weekly Low: 0.7192
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7215
Previous Daily Fibonacci 61.8%: 0.7225
Previous Daily Pivot Point S1: 0.7189
Previous Daily Pivot Point S2: 0.7171
Previous Daily Pivot Point S3: 0.7145
Previous Daily Pivot Point R1: 0.7233
Previous Daily Pivot Point R2: 0.726
Previous Daily Pivot Point R3: 0.7278