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AUD/USD extends decline to 0.9050

FXStreet (San Francisco) - The Aussie is performing a new mini-leg to 0.9050 versus the Dollar after extending its decline to 0.9050 amid US weaker than expected inflation data.

In this line, the AUD/USD is adding declines from yesterday's highs at 0.9110 and now it is breaking down the previous support of 0.9060 and trading at 0.9050.

Currently, AUD/USD is trading at 0.9053, down 0.41% on the day, having posted a daily high at 0.9097 and low at 0.9053. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

AUD/USD levels

If the pair breaks below 0.9050, it will find next supports at 0.9000 and 0.8980. On the upside, resistances are at 0.9080, 0.9110 and 0.9160.

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