FXstreet.com (Barcelona) - Australian Dollar has been weakening on Monday, extending decline fro, 0.8775 high on February 17,to levels right at 0.8600 area, which is being tested on Early U.S. session, as the pair reached session low at 0.8590.

In case of further decline, below 0.8600 level, the Kshitij Consultancy Service Team foresees the pair visiting 0.8550-30: If it continues to trade lower, a strong break below 0.8600 might pull it down towards 0.8550-30 in the coming sessions.

On the upside, above 0.8600, the Kshitij Consultancy Service Team advances recovery to reach 0.8675 on U.S. session: On the other hand if 0.8600 holds and the pair gains upside momentum we might see a rise towards 0.8675 in the US session today.

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