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AUD/USD testing key 0.8700 on a spike

FXStreet (Guatemala) - AUD/USD is trading at 0.8697, up 0.01% on the day, having posted a daily high at 0.8713 and low at 0.8681.

AUD/USD has been up to test the 0.87 handle on a small spike having been in a drift for the majority of overnights trading. The pair had managed to penetrate this level in late London and managed a high of 0.8721 before meeting supply that mutated into a drift to the downside into Asia.

The recent activity comes with yet further positive data releases from Australia. This time, the Westpac consumer confidence seemed to spark off some interest on the bid with strong readings vs previous.

AUD/USD noteworthy levels

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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