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AUD/USD rejected by 0.8825

FXStreet (Córdoba) - AUD/USD steadied around the 0.88 mark at the beginning of the American session following an upside attempt that was capped by the 0.8825 zone.

AUD/USD was supported by positive risk sentiment but the pair gave up gains as optimism faded over the last hours. AUD/USD slid to a low of 0.8888 before finding support and it was last trading nearly unchanged at the 0.8800 zone.

AUD/USD levels to watch

In terms of technical levels, AUD/USD could find immediate support levels at 0.8788 (intraday low), 0.8765 (21-day SMA) and 0.8718 (Oct 24 low). On the other hand, resistances are seen at 0.8823 (intraday high), 0.8859 (Oct 15 high) and 0.8900 (psychological level).

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