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AUD/USD bears counting on a hawkish Yellen

FXStreet (Guatemala) - AUD/USD is trading at 0.8855 having posted a daily high at 0.8859 and low at 0.8851.

AUD/USD has been up to test the highest of this month business, just falling shirt of the October high of 0.8900. The pair has rallied a cent between Europe and the US, with most action to the upside coming from the durable goods orders that surprised negatively and gave the greenback bulls some resistance and puts the downside into question again. That said, we are not far off from the FOMC showdown and with a market not expecting any hawkishness, surprises there could well be a catalysts for a quick correction in the dollars recent bearishness.

AUD/USD noteworthy levels

With spot trading at 0.8855, we can see next resistance ahead at 0.8861 (Daily Classic R3), 0.8884 (Daily High), 0.8897 (Weekly Classic R2), 0.8960 (Weekly Classic R3) and 0.9164 (Daily 200 SMA). Support below can be found at 0.8844 (Weekly Classic R1), 0.8843 (Daily Classic R2), 0.8841 (Monthly High), 0.8834 (Hourly 20 EMA) and 0.8826 (Yesterday's High).

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