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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

AUD/USD

Overview:
    Today Last Price: 0.7214
    Today Daily change: 7.0 pips
    Today Daily change %: 0.0971%
    Today Daily Open: 0.7207
Trends:
    Previous Daily SMA20: 0.7265
    Previous Daily SMA50: 0.7185
    Previous Daily SMA100: 0.7237
    Previous Daily SMA200: 0.741
Levels:
    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

 

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