Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

AUD/USD erases Monday's losses, steadies near 0.7100 ahead of confidence data

FXstreet.com Tuesday, 12 February 2019 ()
· *US Dollar Index looks to close the day in the red near 96.70.*
· *Coming up: Westpac Consumer Confidence and RBNZ policy announcements. *

The AUD/USD pair recovered all of the losses it suffered on Monday and touched a fresh session high of 0.7103 before going into a consolidation phase toward the Asian session. As of writing, the pair was up 0.5% on the day at 0.7099.

The greenback's market valuation on Tuesday became the primary driver of the pair's price action. Ahead of the important inflation and retail sales data from the U.S. later this week, investors took advantage of the empty economic calendar today and booked their profits, causing the US Dollar Index to stage a deep correction and snap its 8-day winning streak. As of writing, the DXY was down 0.37% on the day at 96.70. 

On the other hand, U.S. President Donald Trump told reporters that he would consider pushing the March 1 deadline is they were close to reaching a deal with China and boosted the demand for antipodean currencies.

In the early Asian session on Wednesday, Westpac Consumer Confidence data will be looked upon for fresh impetus. More importantly, the RBNZ is scheduled to announce its interest rate decision and publish its monetary policy statement. A strong reaction from the NZD/USD pair to the RBNZ's policy outlook could impact the highly-correlated AUD/USD pair as well.

*Key technical levels*

AUD/USD

Overview:   Today Last Price: 0.7099   Today Daily change %: 0.50%   Today Daily Open: 0.7064
Trends:   Daily SMA20: 0.7168   Daily SMA50: 0.7151   Daily SMA100: 0.7167   Daily SMA200: 0.728
Levels:   Previous Daily High: 0.7109   Previous Daily Low: 0.7057   Previous Weekly High: 0.7265   Previous Weekly Low: 0.706   Previous Monthly High: 0.7296   Previous Monthly Low: 0.6684   Daily Fibonacci 38.2%: 0.7077   Daily Fibonacci 61.8%: 0.7089   Daily Pivot Point S1: 0.7044   Daily Pivot Point S2: 0.7025   Daily Pivot Point S3: 0.6992   Daily Pivot Point R1: 0.7096   Daily Pivot Point R2: 0.7129   Daily Pivot Point R3: 0.7148
0
shares
ShareTweetSavePostSend
 

Recent related videos from verified sources

Markets On Wall Street Open Monday Trading Down [Video]Markets On Wall Street Open Monday Trading Down

According to Reuters, stocks on Wall Street were trading slightly lower on Monday morning. By the afternoon on Jan. 14th, the top three markets on the New York Stock Exchange were down less than..

Credit: Wochit     Duration: 00:34Published

Bad News Out Of China Sends Stocks Sinking [Video]Bad News Out Of China Sends Stocks Sinking

A fresh set of troublingly poor data out of China has investors running for cover on Monday, with all major stock indexes around the world losing ground on the week's first trading day. Trade data..

Credit: Wochit Business     Duration: 00:40Published

You Might Like


Tweets about this


Other recent news in Markets

US: Fed MINUTES and durable goods in focus this week - NBFNEW ZEALAND PM Arden: Relationship with China `robust and mature'
DONALD TRUMP’s ill-timed rift with EuropeAUSTRALIA to fast-track UK trade pact on no-deal Brexit: FT
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest