FXstreet.com (Barcelona) - Australian Dollar rally peaked yesterday at a fresh 7-month high at 0.7615 to ease afterwards to levels between 0.7500 and 0.7575 level on the upside. At the moment, the Aussie is picking up from 0.7505 Asian session low and trades around 0.7560.
On a longer point of view, according to the E-Forex Team, the Aussie continues climbing higher aiming to 0.7675 level: The Aussie dollar continues to climb higher, approaching the key resistance at .7675 - bottom of 2007. A potential breach above the said level should open .7930.
Support and resistance, according to the E-Forex Team, lie at the following levels: Intra-day support is formed at .7500/10 backed by .7475 and .7420. Interim resistance is seen at .7600/15. Daily momentum is positive, intra-day studies being bullish as well.
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