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AUD/USD rejected by 0.8800; down to 0.8780

FXStreet (San Francisco) - The Aussie's advance from 0.8750 versus the US Dollar was capped at the 0.8800 level where the AUD/USD found some selling interest that sent the pair down to 0.8780.

Investors are betting on the Australian dollar as markets seem to be normalizing across the world as fears on global growth are easing. Pair remains in range in between 0.8740 and 0.8800. Currently, AUD/USD is trading at 0.8783, up 0.47% on the day, having posted a daily high at 0.8804 and low at 0.8747.

AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

AUD/USD levels

If the pair extends AUD/USD's rejection, it will face next supports at 0.8750, 0.8740 and 0.8730. To Resistances are at 0.8800, 0.8810 and 0.8835.

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