FXsreeet.com (Barcelona) - Australian Dollar tried to break resistance at 0.8325 area although it proved too strong, and the pair declined to 0.8215 low during Asian session, to bounce afterwards to test 0.8285 area ahead of the European session opening.
According to Liviu Flesar, technical analyst at InnerFX, 0.8183 is the level to watch for bears: Intra-day sentiment is bearish, short-term momentum losing strength as well. In case of extended losses against the greenback, keep an eye on the .8130 support zone formed by a rising trend-line on the daily charts. Below that, .8085 is next - formed by the median retracement of July's up leg along with July's open rates.
At the moment, the Aussie struggles at 0.8285/90 area, previous support, now resistance, and, above here, next resistances might lie at 0.8325/35 (Aug 19 and 20 high) and 0.8355.