FXstreet.com (Barcelona) - Australian Dollar decline from 0.8675 high on Friday has extended to 85.l45 support area on Monday's European session, and the Pair has bounced reaching levels around 0.8590, and approaching resistance area at 0.8610/20.
According to the Kshitij Consultancy Service Team, if support level at 0.8540/50 resists, the Aussie could reach levels well over 0.8600 during U.S. session: Aussie traded below 0.8600 and tested the Support region 0.8550-30 during the day. If this Support region (0.8550-30) continues to hold in the US session and the pair gains upside momentum, a strong break above 0.8600 might see a rise towards 0.8650-70 in the US session.
Resistance levels, according to the Kshitij Consultancy Service Team, lie at 0.8610-20, 0.8647 and 0.8738. On the downside, support levels lie at 0.8550-30, 0.8500-0.8480 and 0.8450-30.