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AUD/USD crawls back above 0.9300

FXStreet (Córdoba) - The AUD/USD reversed intraday losses and climbed back above the 0.9300 mark following a short-lived correction.

The AUD/USD came under mild pressure and slid to a low of 0.9286 during the Asian session but managed to recover ground as the greenback recedes across the board early European trade. At time of writing, the pair is trading at 0.9305, virtually unchanged since opening.

AUD/USD levels to watch

In terms of technical levels, initial resistance stand at 0.9319 (Aug 13 high), followed by 0.9337 (100-day SMA) and 0.9356 (Aug 7 high). On the other hand, supports are seen at 0.9263 (Aug 13 low), 0.9246 (Aug 12 low) and 0.9238 (Aug 8 low).

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