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Forex pairs in this Article » EUR/USD (Moscow) - AUD/USD tries to recover above 0.8900 after running to intraday lows at 0.8876; currently the pair trades at 0.8902

AUD bulls never give up

AUD is trading on a stronger side. China trade balance data came out worse than expected as the surplus reduced to $25.64b in December from $33.8b in November. Imports grew 8.3% from a year earlier indicating strong domestic demand, while exports rose by 4.3%, which is weaker than expected. The mixed data pushed the AUD to intraday low of 0.8876, but the move was quickly reversed. AUD/USD may be rather sensitive to the US Non-Farm Payrolls published later today. Better than expected data may send the currency pair lower on the background of the USD strength across the board. AUD/USD is attempting to push above 0.8900, if it succeeds, the upside will accelerate to the next important resistance of 0.8950 and then to 0.9000. In the mid-term scale the AUD/USD is likely to be a continuation pattern as long as it stays below 0.9000.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.8893, with support below at 0.8869, 0.8840 and 0.8816, with resistance above at 0.8922, 0.8946, and 0.8975 Hourly Moving Averages are mixed, with the 200SMA at 0.8922 and the daily 20EMA at 0.8947. Hourly RSI is neutral at 54.58.
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