AUD/USD's recovery capped at 0.9375

FXStreet (San Francisco) - The Aussie's recovery from 0.9345 against the US Dollar found buying interest at 0.9375 level where the pair was rejected to the downside and now it is trading at 0.9355.

Currently, AUD/USD is trading at 0.9361, down 0.14% on the day, having posted a daily high at 0.9381 and low at 0.9347. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

AUD/USD levels

Next support to the downside can be found at 0.9347 (Daily Low), 0.9338 (Hourly 100 SMA), 0.9330 (Weekly Classic R1), 0.9329 (Daily Classic S1) and 0.9318 (Yesterday's Low).

Resistances are at 0.9363 (Daily Classic PP), 0.9366 (Hourly 20 EMA), 0.9375 (Daily Open), 0.9375 (Weekly High) and 0.9381 (Daily High).

USD/JPY drifts higher, still down on the week

Even the USD/JPY has gather some pace at the beginning of the American session as the dollar strengthens across the board, a rally sparked by EUR and GBP downside corrections.
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