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AUD/USD bulls backing off from 0.87 handle

FXStreet (Guatemala) - AUD/USD is trading at 0.8689, down -0.09% on the day, having posted a daily high at 0.8713 and low at 0.8681.

AUD/USD has been coming off from the highs at 0.8721 and continues to trend lower below the 0.87 handle. The drift may be heading towards the support at 0.8680 that if broken will bring in the bullish gap and counter the uptrend for the short term. However, it is a light calendar and consolidation may be the play over the course of the day unless consumer confidence brings out any major surprises.

AUD/USD noteworthy levels

Spot is presently trading at 0.8689, and next resistance can be seen at 0.8697, 0.8714 (Daily Classic R2), 0.8721 and 0.8730 (Daily 20 SMA). Next support to the downside can be found at 0.8682 (Hourly 200 SMA), 0.8665 (Daily Classic R1), 0.8659 (Hourly 20 EMA) and 0.8646 (Weekly Classic PP).

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