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AUD/USD daily support is strong at mid 0.9250

FXStreet (Guatemala) - AUD/USD is trading at 0.9255, down -0.17% on the day, having posted a daily high at 0.9275 and low at 0.9248.

AUD/USD initially was bid until the release of the Home Loans at 0.2% missing 0.5% expectation and we are pressing down lower on daily support at the mid point of the handle. At the same time we have the RBA Monetary Policy Statement which sights that unemployment is likely to remain elevated for some time.

AUD/USD Levels

With spot trading at 0.9255, we can see next resistance ahead at 0.9284 (Hourly 20 EMA), 0.9305 (Daily Classic S1), 9330 and 0.9370. Support below can be found at 0.9259 (Low), 0.9220 and 0.9180.

Australia Investment Lending for Homes: -0.3% (June) vs -0.9%

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RBA: Growth and inflation forecasts cut, plays down jobless rate

The RBA’s quarterly Statement on Monetary Policy maintained its policy steady, repeating that the most prudent course in period of rates stability, also saying that AUD remains high by historical standards, and that the fall in terms of trade means AUD could drop over time.
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