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AUD/USD daily support is strong at mid 0.9250

FXStreet (Guatemala) - AUD/USD is trading at 0.9255, down -0.17% on the day, having posted a daily high at 0.9275 and low at 0.9248.

AUD/USD initially was bid until the release of the Home Loans at 0.2% missing 0.5% expectation and we are pressing down lower on daily support at the mid point of the handle. At the same time we have the RBA Monetary Policy Statement which sights that unemployment is likely to remain elevated for some time.

AUD/USD Levels

With spot trading at 0.9255, we can see next resistance ahead at 0.9284 (Hourly 20 EMA), 0.9305 (Daily Classic S1), 9330 and 0.9370. Support below can be found at 0.9259 (Low), 0.9220 and 0.9180.

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