FXstreet.com (Córdoba) - The recovery of the Australian Dollar from 0.9010 (one-week low) extended during the European session to 0.9114, daily high. AUD/USD found resistance at 0.9110 and pulled down to 0.9080. Currently the pair trades at 0.9091/93, 0.60% above today's opening price. The Aussie is rising for the first time after falling in the last four days.
The Kshitij Consultancy Service Team affirms: Aussie has risen during the day breaking above the Support-turned-Resistance at the 55-DMA (0.9101) and is now trading just below the 55-DMA. A strong break above this 55-DMA might see a rise towards the next Resistance seen at 0.9210. Overall the pair continue to remain weak and we expect this Resistance at 0.9210 to hold if any sharp rise above the 55-DMA is seen in the US session today.