SUBSCRIBE TO FEEDFXstreet.com (Córdoba) – The pair has come under pressure at the beginning of the Asian session following the FOCM minutes, although AUD/USD is holding above the 0.8800 level. The pair has lost over 30 pips and is currently trading at the 0.8810 zone, 0.42% below its opening price.
“Strong support however, lays around 0.8780 area, and only under this last, pair could trigger a bearish rally. Upside continuation now will depend on a technical confirmation above mentioned 0.8860 zone”, said Valeria Bednarik, analyst at FXstreet.com.
Support levels: 0.8780 0.8720 0.8690. Resistance levels: 0.8860 0.8890 0.8940
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