FXstreet.com (Barcelona) - Australian Dollar decline has found support at 0.8945 and the pair managed to bounce to levels above 0.9000 although it has failed to set a bottom since it remains capped below 0.9020.

According to the Kshitij Consultancy Service Team while below 0.9050-75, current downleg could extend to 0.8900 area: Note that the projected Max-High for the day is 0.9084. If this Resistance region holds, we might see a downmove towards the Support at 0.8900 mentioned earlier in the coming sessions/days.

On the upside, above 0.9075, the Kshitij Consultancy Service Team advances potential rally towards 0.9150/70: On the other hand a strong break above 0.9075 might see a rise towards 0.9150-70.