FXstreet.com (Barcelona) - Decline from 0.7095 mar 24 high has extended further today as the Aussie gave away about 130 pips to test support level at 0.6785 (38.2% Fibonacci retracement level of the 4 - 24 Mar rally).

According to the Kshitij Consultancy Service Team, a further decline on the U.S. trading session could be limited at 0.6640: Over US session, if it were to fall further a dip could be limited to 0.6640 mentioned in the morning. As mentioned earlier, this region is seeing the convergence of 8-, 13, and 21-MA on the weekly charts. A rise could be limited to 0.6881 (which had earlier acted as a strong Support).