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FXstreet.com (Barcelona) - Australian Dollar decline bottomed at 0.9060 low on Friday, and the Aussie has trimmed losses during Asian and Europeans sessions, reaching levels above 0.9200 to test 0.9250 area.
At this point the Kshitij Consultancy Service Team sees the pair about to test 0.9270 area en route to 0.9300: "If the current strength on its upmove continues, a break above the immediate Resistance at 0.9270 might take it up towards 0.9300-30 in the US session today."
On the downside, below 0.9270, the Kshitij Consultancy Service Team foresees pull back to 92.00 area: "On the other hand if the Resistance at 0.9270 holds, we might see a pull back towards 0.9200-0.9180 in the US session. On the downside 0.9120-00 is the significant Support region to be watched for."
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