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AUD/USD back below 0.8700

FXStreet (Córdoba) - AUD/USD failed to sustain above the 0.8700 level and dropped back to the lower side of today’s range at the beginning of the American session. At time of writing, AUD/USD is trading at the 0.8685 area, 0.340% below its opening price.

AUD/USD has been on a broader recovery over the last days after bottoming out at a 4-year low of 0.8540 last week. However the Aussie faltered following an over 200-pip rise, giving way to a downward phase over the last sessions.

AUD/USD technical levels

In terms of short-term levels, immediate resistances are seen at 0.8715 (intraday level), 0.8763 (Nov 13 high) and 0.8800 (psychological level). On the other hand, supports could be found at 0.8671 (Nov 13 low), 0.8608 (Nov 10 low) and 0.8590 (Nov 11 low).

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