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AUD/USD surrenders intraday gains

FXStreet (Córdoba) - The AUD/USD failed to consolidate above the 0.9360 area and came under renewed pressure as gold pulls back from above $1290/oz.

After being rejected from a high of 0.9361, the AUD/USD has slid back to the 0.9330 area which has become into support after acting as resistance earlier this week. At time of writing, the AUD/USD is trading at 0.9342, 0.13% below its opening price.

Data-wise, the US consumer income/spending, Chicago Fed PMI and the Reuters Michigan consumer confidence data will be published ahead of a long weekend due to the Labor Day.

AUD/USD technical levels

As for technical levels, the AUD/USD could find next supports at 0.9330 (Aug 29 low), 0.9300 (psychological level), 0.9300 (psychological level/Aug 27 low) and 0.9271 (Aug 26 low). On the flip side, resistances are seen at 0.9361 (Aug 29 high), 0.9373 (Aug 28 high) and 0.9387 (Jul 30 high).

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