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AUD/USD dips to new Asian low at 0.8751

FXStreet (Moscow) - AUD/USD dipped to new Asian low at 0.8751 after a failed attempt to recover towards 0.8775; the pair is sold-off ahead of European hours as anti-risk sentiments keep high-yielders under pressure

Hammered down

AUD/USD settled marginally above 0.8800 level after having touched the weekly high at 0.8833 despite rather dovish RBA statement. The upside movement proved to be no more than a correction after a deep decline in September as the pair resumed the downside during Asian hours on Wednesday. The next batch of important macroeconomic data from Australia is scheduled on Thursday: we have inflation expectations and labour market statistics, where big changes are expected due to new season adjustment rules. These reports have a good market moving potential, but first we need to see what’s there in FOMC minutes. Hints on shifts towards more hawkish approach would support the appetite to re-load USD longs.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.8795, with support below at 0.8751, 0.8685 and 0.8642 with resistance above at 0.8860, 0.8903 and 0.8969. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8751 and the daily 20EMA bearish at 0.8889. Hourly RSI is bearish at 40.

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