AUD/USD falling into the week's lows at 0.7180 on China data flub
- AUD/USD slumps back into weekly lows on China data miss.
- Chinese Retail Sales miss expectations, and the already-bearish Aussie needed little excuse to continue slipping.
AUD/USD is firmly pointed downwards for Friday's action, dropping from the early session's 0.7230 to test the week's low at 0.7180 on China's Retail Sales data miss.
Chinese Retail Sales clocked in at an annualized 8.1% for November, a clean miss of the expected 8.8%, and Antipodean markets continue to squirm under risk aversion as China's economy faces continued slowdown thanks to ongoing trade tensions with the US, and the Aussie stands to get dragged down the growth slope despite being an innocent bystander.
AUD/USD Technical Levels
Today Last Price: 0.7196
Today Daily change: -30 pips
Today Daily change %: -0.415%
Today Daily Open: 0.7226
Previous Daily SMA20: 0.7261
Previous Daily SMA50: 0.719
Previous Daily SMA100: 0.7229
Previous Daily SMA200: 0.7399
Previous Daily High: 0.7247
Previous Daily Low: 0.7201
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%: 0.7229
Previous Daily Fibonacci 61.8%: 0.7219
Previous Daily Pivot Point S1: 0.7202
Previous Daily Pivot Point S2: 0.7179
Previous Daily Pivot Point S3: 0.7156
Previous Daily Pivot Point R1: 0.7248
Previous Daily Pivot Point R2: 0.7271
Previous Daily Pivot Point R3: 0.7294