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AUD/USD key levels coming into play

FXStreet (Guatemala) - AUD/USD is trading at 0.9315, down -0.05% on the day, having posted a daily high at 0.9325 and low at 0.9309.

AUD/USD is at key levels to the downside here after a period of consolidation on the daily chart with the 0.92 handle being the supportive area that was broken on the pairs advance through the psychological 0.89 threshold. Meanwhile, on the short term, Valeria Bednarik, chief analysts at FXStreet explains that the AUD/USD recovery continues to stall around 0.9330 former strong support, trading however in range right below it. “The hourly chart shows price hovering around a flat 20 SMA and indicators retracing from their midlines; in the 4 hours chart however, 20 SMA maintains a strong bullish slope acting as short term support around 0.9300 while indicators hold in neutral territory as per recent range. The levels to watch are 0.9330 to the upside and 0.9260 to the downside, as it will take a clear break of any to confirm some directional strength for the upcoming days”.

AUD/USD support / resistance levels

Support levels: 0.9300 0.9260 0.9220

Resistance levels: 0.9330 0.9370 0.9410

AUD/USD hourly levels

With spot trading at 0.9315, we can see next resistance ahead at 0.9316 (Hourly 20 EMA), 0.9318 (Daily Classic PP), 0.9320 (Weekly High), 0.9325 (Daily High) and 0.9327 (Daily 20 SMA). Support below can be found at 0.9314 (Daily Open), 0.9309 (Daily Low) and 0.9300 (Daily Classic S1).

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