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AUD/USD struggling to hold above 0.8700

FXStreet (Córdoba) - AUD/USD edged a tad higher Wednesday supported by decent domestic data, but the Aussie was having a hard time extending the advance much further than 0.8700.

AUD/USD bounced off daily lows and advanced to a high of 0.8725 before finding resistance and entering a consolidation phase around 0.87. At time of writing, AUD/USD is trading at 0.8707, up 0.26% on the day.

AUD/USD technical levels

As for technical levels, AUD/USD could find immediate resistances at 0.8734 (20-day SMA), 0.8761 (Nov 5 high) and 0.8800 (psychological level). On the flip side, supports are seen at 0.8685 (10-day SMA), 0.8665 (Nov 12 low) and 0.8608 (Nov 10 low).

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