FXstreet.com (Barcelona) - The Aussie has posted a 140 pips rally on early European session rising from 0.7230 levels trough 0.7300/25 resistance area to hit 0.7385, the highest level since October 6. At the moment, the Aussie trades at 0.7266 ; 1.70% above its opening price.
On the upside, next resistance levels remain at 1.4385/4400 area, and above here, 1.540. Support levels lie at 0.7325 and 0.7300.
According to the E-Forex Team, the Aussie is on the upside and potential pullbacks will be halted at support levels: Resistance into the .7300-.7325 zone is on focus today as the Aussie managed to rally from .7070 on yesterday, adding 230 points to its recent gains. Both intra-day and daily studies are positive and support will be faced on potential pullbacks at .7140/70 then .7100, lower. Above .7325, next bullish objective is emerging at .7450.
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