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Aussie bulls drove pair to 0.8827 and got tired

FXStreet (Moscow) - AUD/USD  extended rally towards 0.8827 late in Tokyo, supported by USD sell-off against JPY; Currently the pair is trading at 0.8813 with bullish bias fading away

Aussie is poised to have the third positive day in a row. the pair has bounced from the lower border of its recent channel, located around January lows at 0.8660, and moved towards its upper side. We need to see a sustained break above 0.8850 to hope for a continued growth. Later during the day AUD/USD might be influenced by USD sentiments. Keep your eyes peeled for US existing home sales. Better than expected data might trigger profit taking on speculative shorts.

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8778, with support below at 0.8752, 0.8721 and 0.8695 with resistance above at 0.8835 and 0.8866. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8766 and the daily 20EMA bearish at 0.8816. Hourly RSI is bullish at 63.

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