AUD/USD looking to springboard from 0.7200 heading into China trade numbers
- Aussie opening the week on the hopeful side, remaining bid near 0.7200.
- China trade data to kick off the new trading week.
AUD/USD opens the new week pinned to the 0.7200 handle as Pacific traders look to Chinese trade data to help bolster the Aussie further as forex markets head into an event-heavy week.
The week's action starts off early with Chinese Trade Balance figures due early in Monday's Pacific-Asia market window, though market volumes will be constrained with Japanese markets dark in observance of Coming-of-Age Day, but Antipodeans will be looking for a fresh push from Chinese numbers.
Chinese Imports for the annualized period into December are expected to rise from 3% to 5%, with Exports expected to decline to 3.0% from 5.4%, and the new Trade Balance for December is forecast at $51.53 billion versus the last reading of $44.71 billion.
AUD/USD Technical Levels
Today Last Price: 0.7208
Today Daily change: 4.0 pips
Today Daily change %: 0.0555%
Today Daily Open: 0.7204
Previous Daily SMA20: 0.7096
Previous Daily SMA50: 0.7188
Previous Daily SMA100: 0.7177
Previous Daily SMA200: 0.7331
Previous Daily High: 0.7236
Previous Daily Low: 0.7175
Previous Weekly High: 0.7236
Previous Weekly Low: 0.7089
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Previous Daily Fibonacci 38.2%: 0.7213
Previous Daily Fibonacci 61.8%: 0.7198
Previous Daily Pivot Point S1: 0.7174
Previous Daily Pivot Point S2: 0.7144
Previous Daily Pivot Point S3: 0.7113
Previous Daily Pivot Point R1: 0.7235
Previous Daily Pivot Point R2: 0.7266
Previous Daily Pivot Point R3: 0.7296