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AUD/USD up to challenge 0.8820 key resistance

FXStreet (Barcelona) - AUD/USD is trading at 0.8823, up 0.06% on the day, having posted a daily high at 0.8831 and low at 0.8734.

The Feds communication has been challenged and they were clear that they do not wish to commit to when they will hike rates. There is an inflation target that they need to consider and the stronger US dollar is something that they are considering as an issue. The minutes also discussed other threats such as weaker global growth. Guidance will be data dependant. We will now turn attention towards the Australian jobs data tonight.

AUD/USD noteworthy levels

Spot is presently trading at 0.8823, and next resistance can be seen at 0.8831 (Daily High), 0.8836 (Yesterday's High), 0.8860 (Daily Classic R1), 0.8889 (Daily 20 SMA) and 0.8901 (Weekly Classic R2). Next support to the downside can be found at 0.8818, 0.8794 (Daily Classic PP), 0.8787 (Weekly Classic R1) and 0.8777 (Hourly 20 EMA).

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