AUD/USD cycling near 0.6950 as broad-market recovery gasses out
- Thursday's early risk-off plunge seems to have recovered, but the Aussie remains off-balance.
- The Aussie's trip into a ten-year low sees the pair holding below the 0.7000 critical barrier.
AUD/USD is grinding it out just beneath 0.6950 as the market fade of Thursday's early decline runs out of momentum, leaving the Aussie strung out at critical support levels from 2015 and 2016.
The Aussie plummeted to 0.6770 in a forex market freefall, touching into price levels not seen in almost a decade as risk aversion sent investors piling into safe havens, but thin market volumes following the Christmas and New Year's holidays is exacerbating major market moves, and the AUD/USD pairing has managed to recover the majority of losses, though the AUD remains below the key 0.7000 handle, and continues to faces challenges near two-year lows.
AUD/USD Technical Levels
Today Last Price: 0.6939
Today Daily change: -60 pips
Today Daily change %: -0.857%
Today Daily Open: 0.6999
Previous Daily SMA20: 0.712
Previous Daily SMA50: 0.7185
Previous Daily SMA100: 0.7189
Previous Daily SMA200: 0.735
Previous Daily High: 0.7058
Previous Daily Low: 0.6982
Previous Weekly High: 0.7078
Previous Weekly Low: 0.7014
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Previous Daily Fibonacci 38.2%: 0.7011
Previous Daily Fibonacci 61.8%: 0.7029
Previous Daily Pivot Point S1: 0.6968
Previous Daily Pivot Point S2: 0.6937
Previous Daily Pivot Point S3: 0.6892
Previous Daily Pivot Point R1: 0.7044
Previous Daily Pivot Point R2: 0.7089
Previous Daily Pivot Point R3: 0.712