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AUD/USD fails to hold above 0.8800

FXStreet (Córdoba) - AUD/USD printed a fresh high at 0.8805 but failed to hold above 0.8800 and retreated erasing daily gains. Ahead of Wall Street opening bell trades at 0.8769, around the same price it closed yesterday, moving with a bearish bias.

Greenback gain momentum across the board during the last minutes, despite an increase in initial jobless claim in the US and as stocks rise in Europe.

AUD/USD range bound

On a wider perspective the pair continues to move sideways, hovering around 0.876 showing difficulties holding above 0.8800 and with short term support at 0.8730 and below here at 0.8650.

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