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AUD/USD defensive below 0.9350 resistance


FXStreet (Moscow) - AUD/USD recovered from the Asian low of 0.9332 and touched the intraday high at 0.9348 earlier this morning, but has retreated towards 0.9337 in a somewhat sleepy session.

Rangebound, waiting for NFP

Aussie attempted a short trip above the key resistance of 0.9350/55 and reached anew weekly high at 0.9392 on Thursday. Unfortunately, Aussie bulls could not to hold the ground and AUD/USD returned into the previous range by the end of the day on the back of USD strength against all majors. Later during the day the pair is likely to continue consolidation with bearish bias as market players are positioning ahead of the key event of the months - Non-Farm Payrolls report, published during American hours. Investors are waiting for positive numbers that may support USD dement across the board and push AUD/USD towards the initial support level of 0.9300. The pair needs to close the day above this level to stay in the range bait longer. Once the support is broken, the downside may be extended towards 0.9255.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9357, with support below at 0.9320, 0.9292, and 0.9255 with resistance above at 0.9385, 0.9422 and 0.9450. Hourly Moving Averages are bullish, with the 200SMA bullish at 0.9328 and the daily 20EMA bullish at 0.9325. Hourly RSI is bearish at 45.

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