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Forex pairs in this Article » EUR/USD
FXStreet (Moscow) - AUD/USD knocked on 0.9060, but the «door» was firmly closed and discouraged Aussie retreated to current level of 0.9050.

Aussie bulls took the time out

Chinese trade balance data proved to be an awesome trigger for Aussie bulls that pushed the AUD/USD to the intraday highs of 0.9063 even though the Australian consumer sentiment index dropped to 100.2 in January from 103.3 in December. Obviously, Aussie traders are inclined to react more strongly to positive data and turn a blind eye to negative news. It looks like the intraday upside will be limited by the resistance and the currency pair will go on consolidating the early gains. As there are no USD-related interesting reports scheduled for today, the AUD/USD short-term dynamic will be shaped by technical factors and positioning before Thursday’s retail sales. The downside is likely to be limited by 0.9000 with the mixture of bids and stops seen there.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9011, with support below at 0.8969, 0.8898 and 0.8856, with resistance above at 0.9082? 0.9124 and 0.9195. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8895 and the daily 20EMA at 0.8885. Hourly RSI is neutral at 62.
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