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AUD/USD extends recovery to 12-day high

FXStreet (Córdoba) - AUD/USD pushed higher and rose through the 0.8800 level to print fresh 12-day highs at the beginning of the New York session, as the dollar retreats across the board as the US yields are on the slide again.

AUD/USD broke above the 0.8810 resistance area and hit its highest level in almost 2 weeks at 0.8833 in recent dealings. At time of writing, the pair is trading at 0.8825, recording a 0.73% gain on the day, the second in a row after hitting a 4-year low of 0.8642 Friday.

The RBA decided to keep its monetary policy unchanged Tuesday and signaled more meetings on hold, also supporting the Aussie.

AUD/USD technical perspective


Acceleration through recent highs should favor further gains eyeing 0.8850 in the short term, and an approach to 0.89 figure later on the day, according to Valeria Bednarik, chief analyst at FXStreet.

Bednarik locates immediate resistance levels at 0.8850 and 0.8890, while she sees supports at 0.8770, 0.8740 and 0.8700.

USD/JPY slides further, approaches 108.00

USD/JPY broke below 108.35 and tumbled to 108.09, reaching the lowest price since last Thursday. The pair remains around daily lows, trading near 108.00.
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