FXstreet.com (Barcelona) - Australian Dollar's rally from 0.8565 low on Friday has capped at 0.8650, and the pair pulled down to hit levels below 0.8900 at the time of writing, to test 0.8890 support area.

The Pair is struggling to hold above 0.8890, an below here, chances are for a downside correction to 0.8800/8775, according to the Kshitij Consultancy Service Team: Again, as mentioned in the morning, there could be chances of a corrective dip towards 0.8800-8775 in case the immediate Support at 0.8890 breaks. We may, therefore, sell on a break below 0.8890.

Support levels, according to the Kshitij Consultancy Service Team, lie at 0.8890, 0.8845-35, and 0.8799-77. On the upside, resistance levels lie at 0.8955 / 0.8978.

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