FXstreet.com (Barcelona) - The Australian Dollar, after having closed at 0.7155 yesterday has launched another attack to there mentioned level on Asian session, which remains still unbroken. The pair consolidates above 0.7110 level.
On the upside resistance level seems to lie at 0.7155 and above there, 0.7190/0.7200: On the downside 0.7110 and 0.7085.
According to Rajoo C, technical analyst at Precise Trader, some furder sideways trading could be expected for today: AUDUSD closed above the open. Treasury Sec Speaks.Asian Trading was very quiet and range tarding.The Hourly Osc are mixed with a bullish bias, so cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways ,expect the price to be choppy. We prefer to be Sidelined or trade only at our levels.
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