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AUD/USD sliding into negative territory

FXStreet (Guatemala) - AUD/USD is trading at 0.8754, down -0.33% on the day, having posted a daily high at 0.8784 and low at 0.8747.

AUD/USD is sliding here and brings in the lows of the week as possibilities in the closing session of Asia, effectively putting us back to the start of where the rally commenced, some 320 pips round trip. From the calendar, the pair was hit with the domestic home loans data from Australia that was lower than forecasts in August reading -0.9% from 0.3 prior.

AUD/USD noteworthy levels

Current price is 0.8755, with resistance ahead at 0.8763 (Hourly 200 SMA and 0.8781 (Hourly 100 SMA). Next support to the downside can be found at 0.8747, 0.8715 (Weekly Classic PP), 0.8690 (Daily Classic S2) and 0.8673.

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