FXstreet.com (Barcelona) - Aussie decline from 0.9370 year to date high on Thursday found support at 0.9210, and the pair bounced up during Asian and European sessions, to stall at 0.9300. At the moment the Aussie remains hovering in a range roughly from 0-9270 to 0.9300.
On the upside, the Kshitij Consultancy Service Team sees a key resistance area at 0.9350-70: The overall bullish sentiment is intact and if the current strength on its upmove continues, we might see a rise once again towards 0.9350-70 in the coming sessions/days. A strong break above 0.9370 might target 0.9500 in the coming days/weeks.
On the downside, the Kshitij Consultancy Service Team does not see the pair moving below 0.9230-00: Any sharp downmove is not looking likely now and we expect the Support region 0.9230-00 to hold in the US session today. Remember 0.9197 is the 38.2% retracement level of the recent rise from 0.8916 (03-Nov) to 0.9370 (12-Nov).