FXstreet.com (Barcelona) - Australian Dollar has been declining continuously after peaking at 0.8470, dropping on Wednesday to levels below 0.8200 2-weeks low, showing, according to Karen Jones, technical analyst at Commerzbank.com, that the Aussie has set an interim top.

Jobnnes affirms that 0.8770 high was accompanied by a divergence on the daily and weekly RSI: Not only has the market failed ahead of psychological resistance at .8500, but its new high (.8470) has been accompanied by a divergence of both the daily and the weekly RSI - this implies that an interim top has been charted.

On the downside, Jones Points out to support area at 0.8012: Our attention has reverted to underlying support - namely the .8012 support line - this is viewed as now exposed. Failure here will confirm .8470 as an interim top and trigger losses to .7723 then .7467.

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