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AUD/USD maintains strong bearish bias

FXStreet (Guatemala) - AUD/USD is trading at 0.9276, up 0.03% on the day, having posted a daily high at 0.9279 and low at 0.9273

AUD/USD took a hit overnight with a spike in the greenback that followed throughout European and US trading earlier. The pair has found some traction here despite the US dollar friendly environment. Valeria Bednarik, chief analyst at FXStreet explained that for the Aussie itself, the currency will have to face local GDP readings in the Asian session, expected to shrink from 3.5% to 3.0% yearly basis. “Technically, the hourly chart shows price consolidating near the lows while indicators corrected oversold readings, but the general tone is still strongly bearish. In the 4 hours chart indicators maintain a strong bearish momentum, with a price acceleration below 0.9260 probably signaling further slides over the upcoming sessions.

AUD/USD support resistance levels

Support levels: 0.9260 0.9220 0.9170

Resistance levels: 0.9300 0.9330 0.9370

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