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AUD/USD supply back on board ahead of RBA minutes

FXStreet (Guatemala) - AUD/USD is trading at 0.8704, down -0.06% on the day, having posted a daily high at 0.8716 and low at 0.8703.

AUD/USD is down to test the 0.87 handle and has exceeded below the pivot but stalling here. The greenback has offered investors an opportunity to get long again. Meanwhile, this today brings the minutes of RBA for the November meeting. Markets are not expecting anything new or better put, any surprises from the minutes and instead what might be of keen interest will be the RBA’s foreign exchange transactions that will be published on Nov 20th.

AUD/USD noteworthy levels

Spot is presently trading at 0.8704, and next resistance can be seen at 0.8708 (Weekly Classic PP), 0.8717 (Hourly 100 SMA) and 0.8725 (Hourly 20 EMA). Next support to the downside can be found at 0.8703, 0.8695, 0.8680 (Daily Classic S1), 0.8665 (Hourly 200 SMA) and 0.8641 (Weekly Classic S1).

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