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AUD/USD held to the descending channel below key 0.88 handle

FXStreet (Guatemala) - AUD/USD is trading at 0.8777, down -0.12% on the day, having posted a daily high at 0.8815 and low at 0.8748.

AUD/USD waves have set a low at 0.8750 and the pair is now attempting to make a place for itself back onto the 0.88 handle but offers are denying such an advance. The Aussie may find it tough on the upside with the greenback higher on a number of counts at the end of this week with while indeed Yellen’s statements of late are being backed up by the positive data that the US has thrown out at the closing session of this week.

AUD/USD note worthy levels

Spot is presently trading at 0.8777, and next resistance can be seen at 0.8785 (Hourly 20 EMA), 0.8788 (Daily Open) and 0.8793 (Weekly Classic S2). Support below can be found at 0.8774, 0.8748 (Daily Low), 0.8745 (Daily Classic S1), 0.8702 (Daily Classic S2) and 0.8698.

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