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AUD/USD loses momentum below 0.9430 zone

FXstreet.com (Chicago) - AUD/USD reached 0.9460 session highs accumulating 0.37% gains so far for 1.23% weekly gains. After House Speaker Boehner triggered positive sentiments in regards to the incoming debt ceiling issue in the US, the greenback strengthened.

Short-term reaction?

The pair reveals primary and secondary trends pointing up on better than expected Australian results and RBA’s decision to maintain interest rates the same, 2.5%, until next year. In the US, Wall Street registers wins ahead of Friday’s closing while the US government shutdown continues.

AUD/USD Technical Levels


Offered at 0.9427, the pair navigates between supports aligned at 0.94 (October 2nd highs), 0.9375 (October 3rd lows) ahead of 0.9335 (October 2nd lows) and the resistances set at 0.9456 (session highs), 0.9484 (September 17th lows) followed by 0.9528 (September 18th highs). Reported as slightly bearish on one-hour timeframe analysis by the FXstreet.com trend index, the pair flows on the EMA20.

EUR/GBP has come under pressure, capping at 0.8478

EUR/GB supply has continued throughout the US session where the pair is currently trading at 0.8452 and up 0.29%.
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Markets recover ground despite the shutdown

Equities in the US markets are paring recent losses, although the duration of the US Government shutdown and the proximity of the debt ceiling deadline continue to weigh on sentiment. The greenback, gauged by the US Dollar index, is following...
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