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AUD/USD works its way higher targeting 0.9250 area

FXStreet (Moscow) - AUD/USD keeps on rising reaching 0.9320 area by the moment.

Aussie hasn’t gone

Yesterday, AUD/USD had another chance to come back to 0.93 area again on general demand on riskier assets. There is a hope in the market that the geopolitical tension is fading away. The news that the presidents of Russia and Ukraine may have talks during the summit in Minsk scheduled next week, only supports the evolving trend. Today the market may focus on Jackson Hole meeting where Janet Yellen may either kill, or support the USD rally.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9284, with support below at 0.9256, 0.9208, and 0.9180, with resistance above at 0.9332, 0.9360 and 0.9408. Hourly Moving Averages are bullish, with the 200SMA at 0.93 and the daily 20EMA bearish at 0.9320. Hourly RSI is bullish at 65.

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