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AUD/USD reclaiming 0.7200 as bidding interest takes a step higher

  • Risk-bidding is back on for Friday, but the mood could change course quickly.
  • The Aussie is finally seeing a reprieve from steady Greenback pressure.

AUD/USD is clipping over the 0.7200 major handle in the pre-Europe market window as broader market sentiment takes a last-minute turn higher and buyers try to wrestle control of the Aussie, while at the same time refreshed fears of a dovish Federal Reserve see the US Dollar taking a step lower.

The Dollar index (DXY) slipped to a session low of 93.32 for Friday, and risk appetite appears to be on the upside despite glaring question marks surrounding the US Fed's interest rate path for 2019, as well as US-China trade talks which concluded with plenty of rhetoric this week, but anemic on the actual details; regardless, buyers are stepping into the fold in a meaningful way to cap off the trading week, sending AUD/USD to a new three-week high, and setting a new peak for January in the process.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7218
    Today Daily change: 34 pips
    Today Daily change %: 0.473%
    Today Daily Open: 0.7184
Trends:
    Previous Daily SMA20: 0.7095
    Previous Daily SMA50: 0.7188
    Previous Daily SMA100: 0.7178
    Previous Daily SMA200: 0.7333
Levels:
    Previous Daily High: 0.7198
    Previous Daily Low: 0.7146
    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%: 0.7178
    Previous Daily Fibonacci 61.8%: 0.7166
    Previous Daily Pivot Point S1: 0.7153
    Previous Daily Pivot Point S2: 0.7123
    Previous Daily Pivot Point S3: 0.7101
    Previous Daily Pivot Point R1: 0.7206
    Previous Daily Pivot Point R2: 0.7228
    Previous Daily Pivot Point R3: 0.7258

 

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