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AUD/USD gets back to Asian opening level

FXStreet (Moscow) - AUD/USD has recovered from Asian low at 0.8742 towards 0.8772, marginally below the Asian opening level at 0.8780.

Aussie recovers from mid-0.87

Aussie was a big loser on Thursday and stayed under pressure on Friday. Poor Home Loans data (-0.9% in August against forecasted 0.1%) coupled with news about China coal tariffs pushed the Aussie to fresh lows at 0.8742, though good layer of bids on approach to 0.8740 and stops capped the downside and triggered an upside correction. Ahead looks like a quiet calendar, so Aussie is likely to stay within its current range. From the technical point of view, the initial resistance is seen at 0.8783 (Asian high), it is followed by 0.8800. The support comes at 0.8750/40

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8816, with support below at 0.8732, 0.8681 and 0.8597 with resistance above at 0.8867, 0.8951 and 0.9002. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8763 and the daily 20EMA flat at 0.8875. Hourly RSI is bearish at 39.

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