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AUD/USD unchanged and remains sub bearish gap

FXStreet (Barcelona) - AUD/USD is trading at 0.8746, up 0.11% on the day, having posted a daily high at 0.8764 and low at 0.8728.

AUD/USD is a non-mover on the HSBC China services PMI. The reading came in at 52.9 vs 53.5. Meanwhile, the RBA recently reiterated its neutral bias and again explained the most prudent course would be a period of stability in interest rates. The Aussie was surprisingly firm post the RBA and moved marginally higher. The pair, however, has not managed to close the bearish gap post the dramas of last weeks FOMC and close of business and the pair over the four-hour charts gives us a bearish picture still.

AUD/USD noteworthy levels

Spot is presently trading at 0.8747, and next resistance can be seen at 0.8752 (Yesterday's High), 0.8760 (Hourly 100 SMA), 0.8764 (Daily High), 0.8777 (Daily Classic R1) and 0.8788 (Hourly 200 SMA). Support below can be found at 0.8737 (Daily Open), 0.8734 (Hourly 20 EMA), 0.8732 (Weekly Classic S1), 0.8728 (Daily Low) and 0.8712 (Daily Classic PP).

China HSBC China Services PMI declined to 52.9 in October from previous 53.5

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