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AUD/USD recovery falters ahead of 0.8800

FXStreet (Córdoba) - Aussie dollar shrugged off the negative tone during the American session as stocks recovered and the USD retreated across the board.

AUD/USD moved off session lows, in tandem with Wall Street indexes, and recovered more than 100 pips before the bounce faltered ahead of the 0.88 mark. At time of writing, the pair is trading at 0.8775, still 0.59% below its opening price.

AUD/USD technical levels

As for technical levels, AUD/USD could find immediate resistances at 0.8785 (20-day SMA) and 0.8800 (psychological level). On the other hand, next supports are seen at 0.8650/42 (Oct 13 & 3 lows) and 0.8632 (Jul 8 2010).

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