FXstreet.com (Córdoba) - The Australian Dollar continues to pull down from the highs of the day. AUD/USD peaked during the Asian session at 0.9370 posting a 15-month high. The pair fell to 0.9260, intra-day low and rebounded. Currently the pair is near the 0.9300 zone and trades 0.06% below today's opening price.
Between 0.9260 and 0.9235 the pair has a congestion zone and below the next support is located at 0.9195/0.9200 (Nov 6 high / Nov 9 low).
The Kshitij Consultancy Service Team affirms: A break above the Resistance at 0.9370 might target 0.9500 over the next few days. However, a break and a further downmove below the Support at 0.9280 might pull it down towards the Support region 0.9230-00. We expect this Support region to hold as the broader picture continue to remain bullish.