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Forex: AUD/USD recovery capped by 0.9865

FXstreet.com (Córdoba) - The Australian dollar managed to trim part of its steep losses against the greenback following the release of US data, which showed jobless claims, housing starts and CPI numbers missed market's expectations.

AUD/USD climbed over 50 pips after the data and reached a session high of 0.9865, before the 20-hour SMA offered resistance. The AUD/USD is currently trading around 0.9840, where it prints a 0.6% loss on Thursday, having hit an 11-month low of 0.9795 earlier on the day.

If AUD/USD manages to recover above 0.9865, next resistances might be faced at 0.9912 (daily high) and 0.9930 (100-hour SMA), while on the other side, supports could be found at 0.9795 (11-month low) and 0.9740 (low Jun 6 2012).

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