AUD/USD refreshes session top, around mid-0.6700 amid a modest USD pullback

The intraday slide finds decent support just ahead of the 0.6700 handle.
The USD bulls seemed rather unimpressed by Friday’s US macro data.
Trump’s latest criticism over the Fed’s policy stance remained supportive.

Haresh Menghani FXStreet

The AUD/USD pair built on its goodish intraday bounce and turned positive during the early North-American session, hitting fresh daily tops around the 0.6740 region in the last hour.

The pair extended this week's pullback and lost some additional ground on the last trading day of the week in reaction to disappointing Australian housing data, albeit managed to find decent support just ahead of the 0.6700 round figure mark.

USD retreats from multi-week tops

The uptick picked up some pace during the early North-American session following the release of unimpressive US macro data, which failed to assist the US Dollar to preserve its early gains to four-week tops - levels just above mid-98.00s.

The greenback was further weighed down by the US President Donald Trump's latest criticism about the Fed's monetary policy stance, which seemed to be one of the key factors behind the latest leg of a sudden rise of around 20-pips in the last hour.

It, however, remains to be seen if the pair is able to capitalize on the recovery move or meets with some fresh supply at higher levels amid persistent trade uncertainties, which tend to weigh on the China-proxy Aussie.

Technical levels to watch

AUD/USD

Overview
Today last price	0.6734
Today Daily Change	0.0005
Today Daily Change %	0.07
Today daily open	0.6729

Trends
Daily SMA20	0.6767
Daily SMA50	0.689
Daily SMA100	0.6937
Daily SMA200	0.7039

Levels
Previous Daily High	0.6754
Previous Daily Low	0.6716
Previous Weekly High	0.68
Previous Weekly Low	0.6736
Previous Monthly High	0.7082
Previous Monthly Low	0.6832
Daily Fibonacci 38.2%	0.6731
Daily Fibonacci 61.8%	0.6739
Daily Pivot Point S1	0.6712
Daily Pivot Point S2	0.6695
Daily Pivot Point S3	0.6674
Daily Pivot Point R1	0.675
Daily Pivot Point R2	0.6771
Daily Pivot Point R3	0.6788

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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