FXstreet.com (Barcelona) - Australian Dollar failed yesterday to break resistance level at 0.7475 and the pair fell to 0.7335 low during Asian session, to pick up on European trading tomes to levels around 0.7440.

According to the E-Forex Team, the Aussie could attempt another assault to 0.7475: Key resistance at .7475 has been tested on yesterday and the Aussie dollar failed to advance higher, therefore a corrective move has been initiated. Support around .7330 formed by a previous top seem stable and while it holds, a resume of the uptrend - aiming for another test on the .7475/00 is highly possible.

On the upside, next resistance levels remain at 0.7475/0.7500 and in case of a successful move above there, 0.7540. On the downside, support levels lie at 0.7335 and 0.7260.

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