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AUD/USD recovers and rises to 0.8750

FXStreet (Córdoba) - AUD/USD moved off session lows and climbed to 0.8750. Earlier the pair bottomed at 0.8684, area located a few pips above Wednesday’s lows and then rebounded.

Equities in Europe and in Wall Street are falling but during the last two hours trimmed losses and weakened the US dollar in the currency market, pushing AUD/USD to the upside.

AUD/USD level to watch

To the upside, immediate resistance lies at 0.8750 (session high) and above here at 0.8775 and 0.8815, followed by 0.8855/60 (Oct 15 high). On the opposite direction support could be located at 0.8715 and below here at 0.8685 (daily low) and 0.8640/50 (Oct lows).

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