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AUD/USD trims losses, back to 0.8800

FXStreet (Córdoba) - Unlike European currencies, Aussie has managed to trim some losses against the greenback Thursday, becoming one of the top performers among majors.

AUD/USD bottomed out at 0.8755 at the beginning of the European session as Fed’s optimism statement lifted the US dollar across the board. However, AUD/USD has managed to recover some ground over the last hours and climbed back to the 0.8800 zone, where it trades little changed since opening.

In the data front, US will release the Q3 GDP revision, jobless claims and the PCE price index, which is closely followed by the Fed as a gauge of inflation.

AUD/USD levels to watch

As for technical levels, next resistances are seen at 0.8850 (Oct 29 intraday level),0.8883 (Oct 28 high) and 0.8910 (Oct 29 high). On the flip side, supports are seen at 0.8755 (intraday low), 0.8718 (Oct 24 low) and 0.8700 (psychological level).

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