AUD/USD catches the softest of bids on China's upbeat Caixin Services PMI reading
- China's Caixin Services PMI improves to 53.9 (forecast 52.9), providing support in Friday's Asia session.
- The Aussie is enjoying a small spell out from under the thumb of bears, but the major pair remains deeply bearish.
AUD/USD is ticking back near Thursday's highs around 0.7015, rising after China's Caixin Services PMI for December improved to 53.9
The Aussie experienced a mild lift after Chinese officials reiterated that China and the US will be holding vice-minister level talks January 7th and 8th, which was an echo of the original announcement back in December, and the pair is further extending a bullish pickup, albeit weakly.
0.7030 rests close at hand as a significant support-turned-resistance zone, and the AUD's brief reprieve from selling pressures may soon turn back towards the downside, though recovering risk sentiment in the Pacific-Asia sector could see the Aussie keep the bullish wheels upright heading into the final trading day for the week.
AUD/USD Technical Levels
Today Last Price: 0.7012
Today Daily change: 10 pips
Today Daily change %: 0.143%
Today Daily Open: 0.7002
Previous Daily SMA20: 0.7108
Previous Daily SMA50: 0.7184
Previous Daily SMA100: 0.7187
Previous Daily SMA200: 0.7346
Previous Daily High: 0.702
Previous Daily Low: 0.6684
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%: 0.6892
Previous Daily Fibonacci 61.8%: 0.6812
Previous Daily Pivot Point S1: 0.6784
Previous Daily Pivot Point S2: 0.6566
Previous Daily Pivot Point S3: 0.6448
Previous Daily Pivot Point R1: 0.712
Previous Daily Pivot Point R2: 0.7238
Previous Daily Pivot Point R3: 0.7457