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AUD/USD sellers in force around 0.9330 resistance - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analysts at FXStreet noted that the AUD/USD found some demand on gold strength and rising stocks.

Key Quotes:

“But sellers were stronger at critical 0.9330 resistance, and price retreated from the level. Consolidating around the 0.9300 and with the hourly chart showing price nearing a bullish 20 SMA, a few pips below current price, as indicators corrected overbought readings but stand far from suggesting further falls ahead”.

“In the 4 hours chart the technical picture is neutral, as indicators hover around their midlines with little directional potential”.

“Support levels: 0.9260 0.9220 0.9180”

“Resistance levels: 0.9330 0.9370 0.9410”

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