Market Analytics and Considerations
Key notes
- Following US data and amid economic uncertainty, the US dollar increases around across deck.
- US Q3 GDP was increased from 2.9% to 3.2%.
- From above the 20-day SMA, AUD/USD was once more rejected.
During the American session, the AUD/USD fell even more, setting a new daily bottom of 0.6672. The price was trading at 0.6767 on Thursday, which was the top point this week. The decline occurred when the US Dollar gained strength globally.
The announcement of US GDP data gave the dollar some impetus. The final quarter saw the economy grow at an annual rate of 3.2%, which was better than the 2.9% of the prior projection. The Q3 GDP report’s price indicators were also adjusted upward. While Continuous Claims decreased the first time in several weeks from 1.678 million and 1.672 million, Initial Jobless Claims increased to 216K, below the 222K market consensus.
On another tumultuous session on Wall Street, the Dow Jones is plunging by 1.35% and the Nasdaq is falling by 2.55%. After US data, US rates spiked significantly and boosted the Dollar before falling.
|
OVERVIEW |
|
|
Today last price |
0.6679 |
|
Today Daily Change |
-0.0031 |
|
Today Daily Change % |
-0.46 |
|
Today daily open |
0.671 |
|
TRENDS |
|
|
Daily SMA20 |
0.6743 |
|
Daily SMA50 |
0.6583 |
|
Daily SMA100 |
0.6662 |
|
Daily SMA200 |
0.6888 |
|
LEVELS |
|
|
Previous Daily High |
0.6728 |
|
Previous Daily Low |
0.6657 |
|
Previous Weekly High |
0.6893 |
|
Previous Weekly Low |
0.6675 |
|
Previous Monthly High |
0.6801 |
|
Previous Monthly Low |
0.6272 |
|
Daily Fibonacci 38.2% |
0.6701 |
|
Daily Fibonacci 61.8% |
0.6684 |
|
Daily Pivot Point S1 |
0.6668 |
|
Daily Pivot Point S2 |
0.6627 |
|
Daily Pivot Point S3 |
0.6596 |
|
Daily Pivot Point R1 |
0.674 |
|
Daily Pivot Point R2 |
0.677 |
|
Daily Pivot Point R3 |
0.6811 |
