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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

AUD/USD

Overview:
    Today Last Price: 0.7196
    Today Daily change: -30 pips
    Today Daily change %: -0.415%
    Today Daily Open: 0.7226
Trends:
    Previous Daily SMA20: 0.7261
    Previous Daily SMA50: 0.719
    Previous Daily SMA100: 0.7229
    Previous Daily SMA200: 0.7399
Levels:
    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

 

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