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AUD/USD in retreat, touching 0.9350

FXStreet (Moscow) - AUD/USD touched 0.9373 session high in Asia, before retreating to current 0.9350 area.

Caged in range

The aussie is not ready to go back to last Friday’s high, as the USD is still very popular among the traders. The pair is gradually retreating towards 0.9350 area, caught up in cross plays, and pressured by technical factors. Large amount of sellers’ interest is rumored around 0.9375, and 0.94 areas of resistance, while 0.9350 and 0.9325 area is supported by buyers. Lack of economic events may leave the pair caged in narrow range.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9371, with support below at 0.9340, 0.9300, and 0.9269 with resistance above at 0.9411, 0.9442 and 0.9482. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9337 and the daily 20EMA bullish at 0.9330. Hourly RSI is bearish at 45.

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