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AUD/USD regains 0.8600

FXStreet (Córdoba) - Australian dollar managed to bounce off lows and regained the 0.86 mark against the greenback, erasing intraday losses.

AUD/USD has recovered over half a cent from a 2-week low of 0.8565 scored earlier on the day, as the US dollar eases versus the yen and commodity currencies. AUD/USD reached a high of 0.8618 where the 23.6% retracement of the 0.8794-0.8565 drop is offering resistance.

AUD/USD technical levels

At time of writing, AUD/USD is trading at 0.8615, virtually unchanged on the day. On the upside, next resistances could be found at 0.8653 (38.2% Fibo of 0.8794-0.8565) and 0.8678/80 (10-day SMA/50.0% Fibo). On the other hand, supports are seen at 0.8565 (Nov 20 low) and 0.8540 (2014 low Nov 7).

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