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AUD/USD pushing against daily highs

FXStreet (Córdoba) - The AUD/USD has managed to recover from Asian session lows and is attempting to consolidate above the 0.9300 level.

The AUD/USD gathered pace during the European session helped by gold recovery and rumors of a Chinese reserve requirement ratio (RRR) cut. The AUD/USD however, has lacked momentum to decisively settle above 0.9300, having reached a high of 0.9306 so far, where the 21-day SMA is offering resistance.

AUD/USD technical levels


At time of writing, the Aussie is trading at 0.9305, 0.11% above its opening price. A break above daily highs would open the way to 0.9328 (Aug 22 high) and 0.9340 (100-day SMA). On the flip side, supports are seen at 0.9270 (Aug 26 low), 0.9235 (Aug 21 low) and 0.9200 (psychological level).

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