FXstreet.com (Barcelona) - Australian Dollar rally from Friday's low at 0.8568 has extended on Tuesday from levels around 0.8755 to a fresh 13 month high at 0.8888. At the moment of writing, the Aussie trades at 0.8875; 1.12% above its day opening level.
On the upside, the Kshitij Consultancy Service Team observes the Aussie's next target at 0.8930-50 : The over all sentiment continues to remain bullish. If it gains upside momentum from the current levels, we might see a rise towards 0.8930-50 in the coming sessions.
On the downside, the Kshitij Consultancy Service Team points out to 0.8800-8780 area: Support is seen in the region 0.8800-8780. As the overall sentiment continues to remain bullish, we expect this Support region to hold during the US session. However, a break below 0.8780 might see 0.8700-8680 on the downside.