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AUD/USD clinching to 0.8800

FXStreet (Moscow) - AUD/USD is back to 0.8800 pivot as Aussie bulls are not ready to push it above Friday’s high at 0.8823

Aussie has stuck marginally above 0.8800 pivot as investors are not ready to sell USD aggressively ahead of FOMC meeting later this week. Somewhat improved risk appetite supported by gains on regional stock markets in Asia pushed AUD higher against USD, but the upside stopped at Friday’s high of 0.8823. Later during the day the Aussie fate might be shaped by market reactions to US housing market data. Pending home sales report published during NY hours is expected to show some improvement in September after a fall in August. This may support USD across the board and push AUD/USD back below 0.8800 towards the next support of 0.7980/70

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8779, with support below at 0.8730, 0.8671 and 0.8622 with resistance above at 0.8838, 0.8887 and 0.8946. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8773 and the daily 20EMA flat at 0.8803. Hourly RSI is bullish at 52.

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