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AUD/USD a mixed bag extending the bounce

FXStreet (Guatemala) - AUD/USD is trading at 0.8738, up 0.56% on the day, having posted a daily high at 0.8752 and low at 0.8646.

AUD/USD has maintained its form and used 0.8720 as a base to build upon in an extension of the rally from 0.8650. We can be quite sure that the RBA will leave rates as they are, as they did again, but when the market is propped up for a more dovish tone that what we got, we might well see other examples of this recent behaviour that we have seen in the pair as a result. Therefor, it is not just going to be about the timings of the Fed and even in that camp, the US data releases may not hold up as far as Yellen predicts despite the hawkish tone of late that had propelled the Aussie.

AUD/USD noteworthy levels

Spot is presently trading at 0.8739, and next resistance can be seen at 0.8743 (Daily Classic R1), 0.8752 (Daily High), 0.8763 (Yesterday's High), 0.8768 (Hourly 100 SMA) and 0.8789 (Hourly 200 SMA). Next support to the downside can be found at 0.8732 (Weekly Classic S1), 0.8726 (Hourly 20 EMA), 0.8710 (Daily Classic PP) and 0.8690 (Daily Open).

USD/JPY recovers to 113.70

The USD/JPY is trading in recovery mode around 113.60 after bouncing off 113.15 and is now trading near intra-day highs.
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