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AUD/USD threatening lows

FXStreet (Guatemala) - AUD/USD is trading at 0.9242, down -0.23% on the day, having posted a daily high at 0.9306 and low at 0.9230 which it is currently heading towards.

AUD recent data

Strategists at TD Securities explained that the RBA Board left the cash rate unchanged at 2.5% as widely expected, and noted that AUD “remains high by historical standards”, although, said, they stopped short of an “uncomfortably high” remark. “China’s official Mar Manuf PMI was up to 50.3 (mkt 50.1, Feb 50.2), with export orders up +1.9pt to 50.1 and employment still a drag although picking up from 48.0 to 48.3”.

How about Momentum?

Looking to momentum indicators, the hourly 200 SMA is currently at 0.9253, up from the last close at 0.9178 and climbing. Over the past 20 days, the exponential average closing price is 0.9115, and trending higher.

AUD/USD Levels

With spot trading at 0.9243, we can see next resistance ahead at 0.9250 (Hourly 100 SMA), 0.9253 (Hourly 20 EMA), 0.9254 (Daily Classic PP), 0.9264 (Monthly High) and 0.9264 (Weekly High). Support below can be found at 0.9230 (Daily Low), 0.9227 (Daily Classic S1), 0.9218 (Yesterday's Low), 0.9198 (Weekly Classic PP) and 0.9191(Daily Classic S2).

USD/CHF a gradual decline

Currently, USD/CHF is trading at 0.8830, down -0.12% on the day, having posted a daily high at 0.8851 and low at 0.8814.
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