FXstreet.com (Barcelona) - Aussie decline from Friday's high at 0.8465 found support on Wednesday at 0.8180 and the pair bounced sharply, to test 0.8400 level on early European session, retracing most of the losses from previous days.

According to the E-Forex team, the Aussie is on a bullish trend aiming back to levels above 0.8600: Minor intra-day resistance at .8400 formed by a downward trend line is on focus, followed by the .8470 top side higher. Next bullish objective which is expected to be reached within the next couple of days (or maybe weeks) stands into the .8650 region - formed by a rising trend line supporting the long term trend.

Resistance levels, above 0.8400, lie, according to the E-Forex team, at 0.8470 and 0.8600. On the downside, support levels lie at 0.8315, and below there, 0.8250 and 0.8175.

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