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Forex pairs in this Article » AUD/USD (San Francisco) - After trading close to the 1.0200 zone in the first European session hours, the AUDUSD has left this level behind to rise 40 pips and to test 1.0340 price ahead US opening bell. The AUDUSD is currently moving close to 1.0230, 0.40% above today's opening price action.

Next resistance lies at 1.0246 (MA100d) then 1.0275 (highs Oct.4-5) and 1.0298 (MA10d). On the downside, a violation of 1.0149 (low Oct.8) would open the door to 1.0123 (low Jul.13) then 1.0103 (50% of 0.9581-1.0625) and 1.0100 (low Jul.12).

The Kshitij Consultancy Services Team believes that a "bounce to 1.0275-320 is likely in he immediate term. If the pair "manages to trade above 1.0275 a further rise to 1.0320 and 1.0380 can be seen."
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