FXstreet.com (Barcelona) - The Aussie has declined today to intra-day low at 0.7099 in early European session from 0.7212 opening price, to attempt recovery afterwards but upward move capped at 1.7171.
At the moment the Aussie moves in a tight range around 0.7150. Resistance levels stand at 0.7170 and above here 0.7230/35 and 0.7535. Support levels lie at 0.7100, 0.7040 and 0.7000.
According to the Kshitij Consultancy Service Team, the Aussie will be trading within the recent range: A further dip is likely to be supported near 0.7100. The 200-day MA continues to pressure the pair down and we continue to believe the range of 0.6945-0.7230 is likely over the next couple days.
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