FXstreet.com (Barcelona) - Australian Dollar.s recovery from Asian session low at 0.9265 has extended during European session above 0.9320 high to reach intra-day high at 0.9335 before easing to levels at 0.9325 at the moment of writing.
Bullish sentiment will remain intact as long as the pair trades above 0.9300, says the Kshitij Consultancy Service Team: If it continues to trade above 0.9300, we might see a rise once again towards the Resistance at 0.9400 in the US session today. Note that the projected Max-High for the day is 0.9399.
On the downside, the Kshitij Consultancy Service Team observes a decline below 0.9270 as rather unlikely: Any sharp downmove is not looking likely now and we expect the Support at 0.9270 continue to hold in the US session. However, a break below 0.9270 might pull it down towards 0.9225-00.