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AUD/USD smashed through supports onto 0.8780

FXStreet (Barcelona) - AUD/USD is trading at 0.8773, down -0.77% on the day, having posted a daily high at 0.8901 and low at 0.8769.

AUD/USD has fallen back on the offer having struggled at the 0.89 handle. The market has been very long of the greenback and are getting even longer again. With the sentiment behind the RBA wanting to see a lower Aussie, then the shenanigans around the ABS jobs report offering mixed ideas as to what any of the numbers actually mean, the market is allowing room for the slide here. The pair fell through stops triggering further offers onto the key support and now we are back sub the 0.88 handle.

AUD/USD noteworthy levels

With spot trading at 0.8773, we can see next resistance ahead at 0.8775 (Hourly 100 SMA), 0.8787 (Weekly Classic R1), 0.8809 (Daily Classic PP), 0.8839 (Hourly 20 EMA) and 0.8841 (Weekly High). Support below can be found at 0.8766 (Daily Classic S1), 0.8734 and 0.8715 (Weekly Classic PP).

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