FXstreet.com (Barcelona) - Australian Dollar reached yesterday a fresh year high at 0.9325, and has retreated today to find support at 0.9185 to pock up and return to 0.92.20 at the moment of writing.
Despite today's decline, the Kshitij Consultancy Service Team, considers that the pair remains biased to the upside: Further correction is likely to be contained near 0.9129. Overall bullishness is still intact. Only that a sharp rise in not expected but a sluggish rise towards 0.94 and 0.95 over the next few days.
Resistance levels, according to the Kshitij Consultancy Service Team, lie at 0.9243/48, 0.9301 and 0.9363. On the downside, support levels lie at 0.9205/9182, 0.9145-24 and 0.8969-50.