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AUD/USD pierces the 0.87 handle and reverts lower

FXStreet (Guatemala) - AUD/USD is trading at 0.8678, down -0.13% on the day, having posted a daily high at 0.8712 and low at 0.8676.

AUD/USD spiked through the 0.87 handle on the impressive retails sales data released coming in at 1.2% vs just 0.4% expected but quickly met supply on a softer trade balance and the Australian September employment that was revised to -23.7k, from -29.7k and the same months unemployment rate that was revised to 6.2 pct vs 6.1 pct . We now await the RBA, however, not much is expected from this meeting as the Q3 CPI has not been a game changer.

AUD/USD noteworthy levels

Current price is 0.8679, with resistance ahead at 0.8690, 0.8710 (Daily Classic PP). Next we have 0.8711 being the hourly 20 EMA. Next support to the downside can be found at 0.8678, 0.8640, 0.8600 and then 0.8550.

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