FXstreet.com (Barcelona) - Australian Dollar decline from 13 month high at 0.8860 on October 1 found support at 0.8565 low on Friday, and the Pair has gone through recovery, which has stalled at 0.8755 high on Monday, right at 8.8755/65 area (Sept 22,28 and 29 highs).

According to the Ace Trader technical analysis Team, retracement from 0.8757 could suggest consolidation: Although Aud's breach of 0.8746 (Asia) signals the rise from Friday's low of 0.8568 to retrace last week's decline from 0.8860 has resumed, current retreat from 0.8757 suggests consolidation is seen and pullback towards 0.8709/14 cannot be ruled out b4 rebound.

Support levels, according to the Ace Trader team, lie at 0.8714, 0.8677 and 0.8633. On the upside, resistance levels are 0.8774, 0.8815 and 0.8860.

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