FXstreet.com (Barcelona) - The Aussie has continue strengthening against the Dollar during the American session to test 0.9300 level and hit intra-day high at 0.9298. Currently the pair is trading around 0.9285/95, 1.30% above today's opening price action at 1.6385.
The Kshitij Consultancy Service Team comments: Aussie has consolidated between 0.9210 and 0.9285 during the day and is looking to come down and test the Support at 0.9187 (21-SMA on the 8H). Our view continues to be the same and a break of this Support might call for a correction towards 0.9030. Else, if it holds, the pair may consolidate further during the US session for a gradual rise over the next few days. The target of 0.94-95 looks possible over the next few days.