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AUD/USD goes on with its bullish ways, 0.9330 pivot in sight

FXStreet (Moscow) - AUD/USD is determined to stay above 0.9300 pivot, as the bears failed to push it lower than 0.9311. Now the pair is trading at 0.9322. close to the intraday high of 0.9325.

Done with the downside?

AUD/USD had three positive days in a row, bottoming out at 0.9239 on August 8. It seems that investors forgave Aussie for gloomy labour market statistics and dovish RBA and now are ready to chase it higher. The key resistance area at 0.9330 is still to be conquered, but once it is left behind, AUD/USD might extend the upside towards the next bullish target at 0.9350. Today Aussie is a technical play as the calendar has little to chew on. Expect some splash of volatility during American hours as US marcostatistics might influence USD sentiments across the board.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9312, with support below at 0.9294, 0.9270 and 0.9252, with resistance above at 0.9336, 0.9354 and 0.9378. Hourly Moving Averages are mixed with the 200SMA bullish at 0.9293 and the daily 20EMA flat at 0.9328. Hourly RSI is bullish at 60.

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