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AUD/USD remains close to 0.7200, but leaning bearish for Tuesday

  • The Aussie remains overly cautious, headed for the downside as economic worries plague AUD investors.
  • Mid-tier economic indicators due in the early Tuesday window for the Aussie highlight continued lag in the domestic economy.

AUD/USD remains tied up at the 0.7185  level, seeing little bullish momentum in the new trading week, and the pair remains off-balance amidst disappointing economic data, and a US Dollar that remains fairly-well bid in broader markets amidst trading tensions with China that are back on the rise.

Aussie data in the early Tuesday session broadly missed expectations, with the Aussie Housing Price Index further declining further from -0.7% to -1.5% on an annualized basis, with Business Confidence and Conditions declining slipping to 3 and 11 from 5 and 13, respectively. ANZ's Monthly inflation gauge for October also disappointed. ticking towards the downside from 2.9% to 2.8%.

US-China trade war tensions are back on the docket again as well, and investors will be keeping one foot in the door to safety as China's domestic slowdown appears to be getting worse, and the Aussie finds itself exposed to knock-on downside amidst a broader, global trade contraction.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7186
    Today Daily change: 0.0 pips
    Today Daily change %: 0.00%
    Today Daily Open: 0.7186
Trends:
    Previous Daily SMA20: 0.7265
    Previous Daily SMA50: 0.7184
    Previous Daily SMA100: 0.7235
    Previous Daily SMA200: 0.7407
Levels:
    Previous Daily High: 0.7227
    Previous Daily Low: 0.7174
    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%: 0.7207
    Previous Daily Fibonacci 61.8%: 0.7194
    Previous Daily Pivot Point S1: 0.7164
    Previous Daily Pivot Point S2: 0.7143
    Previous Daily Pivot Point S3: 0.7112
    Previous Daily Pivot Point R1: 0.7217
    Previous Daily Pivot Point R2: 0.7249
    Previous Daily Pivot Point R3: 0.727

 

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