AUD/USD marks in new high above 0.7150 on lagging Greenback
- Broader markets are sending the Dollar lower, propping up the Aussie as investors drop the US Dollar.
- US Fed chairs are striking a dovish stance on rate hikes in 2019, forcing down the USD ahead of China data for Thursday.
AUD/USD heads into Thursday's overnight session clipping 0.7175 after gaining fresh highs on the US Dollar's tumble thanks to a dovish outing from the US FOMC and statements from key Federal Reserve heads that downplayed future odds of rate hikes.
Multiple Fed heads on Wednesday took stances across the dovish spectrum, but all of them managed to hit one theme in unison: the Fed could take a long pause on rate hikes if economic data begins to decline, taking the wind out of the Greenback's sails and sending the Dollar index down across the board, sending AUD/USD up into new highs, but bullish action could prove to be short-lived as the Aussie remains fully exposed to potential downside moves on risk sentiment in the Pacific-Asia sector; Chinese key data is due at 01:30 GMT, and a missed reading could easily send the AUD back down once more.
AUD/USD Technical Levels
Today Last Price: 0.7175
Today Daily change: -6.0 pips
Today Daily change %: -0.0836%
Today Daily Open: 0.7181
Previous Daily SMA20: 0.7097
Previous Daily SMA50: 0.7189
Previous Daily SMA100: 0.7179
Previous Daily SMA200: 0.7336
Previous Daily High: 0.7194
Previous Daily Low: 0.713
Previous Weekly High: 0.7125
Previous Weekly Low: 0.6684
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Previous Daily Fibonacci 38.2%: 0.717
Previous Daily Fibonacci 61.8%: 0.7154
Previous Daily Pivot Point S1: 0.7143
Previous Daily Pivot Point S2: 0.7104
Previous Daily Pivot Point S3: 0.7079
Previous Daily Pivot Point R1: 0.7207
Previous Daily Pivot Point R2: 0.7232
Previous Daily Pivot Point R3: 0.7271