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AUD/USD tries hard to settle above 0.8700 pivot

FXStreet (Moscow) - AUD/USD  has settled at 0.8720 after having touched the Asian high at 0.8734 on the back of no-change RBA rate decision

AUD/USD has had a volatile session. The pair tested this year low at 0.8642 early in Asian only to recover back above 0.8700. A non-event RBA’s monetary policy decision supported Aussie as it contained the phrase about a period of stability in interest rates. Moreover, ABS released the data showing stronger retail sales for September that proved to be really supportive for AUD. Currently AUD/USD tries hard to stay above 0.8700. A successful daily close above this pivot would alleviate immediate downside pressure and suggest that the pair may be rangebound for a while. Below 0.8700 the support comes at 0.8642 and at 0.8600. The resistance comes at 0.8770/80 and at 0.8800 with strong offers on approach

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8710, with support below at 0.8658, 0.8625 and 0.8573, with resistance above at 0.8743, 0.8795 and 0.8828. Hourly Moving Averages are mostly bearish, with the 200SMA bearish at 0.8802 and the daily 20EMA bearish at 0.8792. Hourly RSI is bullish at 55.

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