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AUD/USD reverses losses and hits 2-week high

FXStreet (Córdoba) - AUD/USD picked up pace and rose to fresh 2-week highs Thursday, recovering from Asian session lows scored on the back of RBA official comments.

AUD/USD has risen nearly a full cent from daily lows to hit its highest level since Oct 31 at 0.8763 in recent dealings. The Australian dollar had fallen to a low of 0.8671 earlier on the day, after RBA Assistance Governor Kent said they hadn't ruled out intervention in the Aussie.

AUD/USD technical levels

At time of writing, AUD/USD is trading at 0.8755, recording a 0.45% gain on the day. As for technical levels, next resistances could be found at 0.8798 (Oct 31 closing price), 0.8832 (50-day SMA) and 0.8850 (Oct 31 high). On the other hand, supports are seen at 0.8685 (10-day SMA), 0.8665 (Nov 12 low) and 0.8590 (Nov 11 low).

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