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AUD/USD rebounded from 0.8740 again

FXStreet (Moscow) - AUD/USD the pair bounced from 0.8740 area of support again, before rebounding to current 0.8770 area.

The aussie is caged within the 50-pip range today. The pair made several attempts to break below 0.8740 area of resistance, but failed again, and moved 30-pips higher currently trading at 0.8770. Immediate barrier to the upside is located around 0.8800/10 where large sellers’ interest is noted. New series of US reports on housing and consumer confidence could become additional catalysts for the pair moves during American session.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.8758, with support below at 0.8685, 0.8612 and 0.8539 with resistance above at 0.8831, 0.8904 and 0.8977. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8768 and the daily 20EMA flat at 0.8828. Hourly RSI is bullish at 54.

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