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AUD/USD strikes roots above 0.8800

FXStreet (Moscow) - AUD/USD  started the Asian session at 0.8800 and reached the intraday high at 0.8827 before retracing towards 0.8816. The pair is consolidating with bullish bias ahead of European opening.

Aussie tries hard to settle above 0.8800 pivot. Yesterday the pair reached 0.8823 but retraced to 0.8800 by the end of the day. Empty calendar and looming FOMC meeting keep traders at bay, which means that today’s trading may be slow and rangebound. From the technical point of view, keep an eye at 0.8800/0.8795 (Asian low). Once this support area is broken, the downside may be extended towards 0.8780 with medium demand on approach. The resistance is seen at 0.8827 (Asian high) and at 0.8840/50 with medium offers and stops.

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8805, with support below at 0.8785, 0.8767 and 0.8747, with resistance above at 0.8823, 0.8843 and 0.8861. Hourly Moving Averages are bearish, with the 200SMA bullish at 0.8781 and the daily 20EMA flat at 0.8803. Hourly RSI is bullish at 55.

USD/JPY hopelessly stuck below 108.00

USD/JPY has died somewhere at 107.85 after a failed attempt to recover towards 108.00 resistance area. The pair touched the Asian high at 107.98 and retraced towards the opening level. The Asian range is limited by 107.98 on the upside and 107.76 on the downside.
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