FXstreet.com (Barcelona) - The Aussie's decline against the Dollar from intra-day high at 0.9165 has found support at 0.9080 in the early European session with the AUD/USD bouncing to trade above 0.9100 level, close to 0.9120. Currently the pair is trading around 0.9110/20, 0.15% below today's opening price action at 0.9125.
Abhishek Goenka, analyst at India Forex Advisors, comments: The AUD formed a Doji on daily chart. The price attempted to push lower, bottomed at 0.9051 but closed higher at 0.9145. The bearishness stays intact since the price still stays below the trendline. Immediate support at 0.9090. Break below that area should trigger further bearish momentum testing 0.9030. Initial resistance at 0.9180. (AUDUSD - 0.9124) Neutral to Bullish.