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AUD/USD bulls ran out of steam on approach to 0.8750

FXStreet (Barcelona) - FXStreet (Moscow) - AUD/USD has settled at 0.8730 after having reached the Asian high at 0.8749; the pair is trading with more than 40 pips gains on the day amid volatile Asian markets

Aussie finished the week with marginal gains. The pair spiked towards 0.8897 but failed to hold the ground and retraced towards the opening levels by the end of the week. The resulted doji on the weekly chart suggest that bearish momentum is waning and some consolidation, possibly, with bullish bias is on cards. The daily picture reflects the indecision, while hourly charts send clear bullish signals. It means that Aussie bulls might continue the assault, but they may find it difficult to get above area of offers on approach to 0.8750-60.

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8718, with support below at 0.8648, 0.8610 and 0.8540 with resistance above at 0.8756, 0.8826 and 0.8864. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.8762 and the daily 20EMA bearish at 0.8857. Hourly RSI is bullish at 50.

NZD/USD bulls struggling at 0.7880/90

NZD/USD has extended gains towards the Asian high reached at 0.7887 on the back of USD weakness across the board; currently the pair is trading at 0.7869.
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