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AUD/USD climbs back above 0.9300

FXStreet (Córdoba) - The AUD/USD has managed to erase intraday losses and climbed back above the 0.9300 level at the beginning of the American session.

The AUD/USD fell to a 1-week low of 0.9277 during the Asian trade amid broad USD strength, but it has bounced back to the flat line as the greenback pulls back a tad ahead of the FOMC minutes release.

AUD/USD technical levels

At time of writing, the AUD/USD is trading at the 0.9305 area, virtually unchanged on the day. As for technical levels, immediate resistances are seen at 0.9321 (20-day SMA), 0.9340/45 (100-day SMA/Aug 19 high) and 0.9366 (50-day SMA). On the flip side, supports could be found at 0.9277 (Aug 20 low), 0.9262 (Aug 13 low) and 0.9238 (Aug 8 low).

USD/JPY consolidating below 103.40 - FXStreet

FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY remains bullish on Wednesday, and after hitting a high of 103.40 it consolidates right below this level.
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