- AUD / USD continues to rise during the American session.
- The US Dollar Index falls below 90.00 in the second half of the day.
The pair AUD/USD it remained relatively quiet around 0.7600 during European trading hours, but started to rise in the US session with the dollar under bearish pressure. At time of writing, the pair was trading at its highest level in 10 days at 0.7624, gaining 0.63% on the day.
USD selloff remains intact
Amid the lack of important fundamentals and the release of macroeconomic data, investors don’t seem to find a reason to stop selling USD. The U.S. dollar index, which tracks the dollar’s performance against a basket of six major currencies, is closing at the multi-year low it set at 89.73 on December 17 and was last seen shedding 0.42% at 89.96.
On Wednesday, the Chicago Purchasing Managers Index, pending home sales, and goods trade balance will be on the US economic agenda. Investors are likely to ignore this data and trading conditions are expected to tighten. keep it low before the New Years holidays.
Meanwhile, the major Wall Street indices trade little changed during the day, suggesting that market participants remain on the sidelines.
Technical levels
AUD/USD
| Panorama | |
|---|---|
| Today’s Last Price | 0.761 |
| Today’s Daily Change | 0.0031 |
| Today’s Daily Change% | 0.41 |
| Today’s Daily Opening | 0.7579 |
| Trends | |
|---|---|
| SMA of 20 Daily | 0.7518 |
| SMA of 50 Daily | 0.734 |
| SMA of 100 Daily | 0.7271 |
| 200 SMA Daily | 0.698 |
| Levels | |
|---|---|
| Daily Preview Maximum | 0.7641 |
| Daily Previous Minimum | 0.7557 |
| Weekly Preview Maximum | 0.7619 |
| Weekly Prior Minimum | 0.7461 |
| Monthly Previous Maximum | 0.7438 |
| Minimum Previous Monthly | 0.699 |
| Daily Fibonacci 38.2% | 0.7589 |
| Fibonacci Daily 61.8% | 0.7609 |
| Daily Pivot Point S1 | 0.7544 |
| Daily Pivot Point S2 | 0.7508 |
| Daily Pivot Point S3 | 0.746 |
| Daily Pivot Point R1 | 0.7627 |
| Daily Pivot Point R2 | 0.7676 |
| Daily Pivot Point R3 | 0.7711 |
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