Today, AUD/USD significantly fell as it was pressured by publications of poor macroeconomic statistics in Australia and China.
The AiG Performance of Mnfg Index for December in Australia fell from 52.5 to 51.9 points. At the same time, the Caixin Manufacturing PMI in China fell from 48.6 to 48.2 points, while economists forecasted a growth to 49.0 points.
Bollinger Bands® on the daily chart is moving horizontally while the price range slightly widened. MACD is falling and giving quite strong sell signal. Stochastic is also falling.
The indicators recommend short positions.
Support levels: 0.7200 (local low), 0.7183, 0.7158, 0.7128, 0.7100 (17 December lows), 0.7068.
Resistance levels: 0.7234 (local high), 0.7259, 0.7282, 0.7300, 0.7334 (10 December high), 0.7363, 0.7384 (4 December high), 0.7400.