FX : AUD/USD: Aussie testing 0.8360 support after dropping from 0.8440
FXstreet.com (Barcelona) - Australian Dollar has been rejected at 0.8440 Asian session high, and the Aussie has dropped through the European session to test 0.8360 support ahead of the U.S. session opening.
According to the Kshitij Consultancy Service Team, Aussie pull down will be hold at 0.8360/30 area: "Aussie continued to trade below 0.8400 during the day. However a strong downmove was not and it is continuing to trade above the Support region 0.8360-30 mentioned earlier and we expect this Support region to hold in the US session also. Also note that the projected Max-Low for the day is 0.8330."
On the upside, the Kshitij Consultancy Service Team points out to 0.8400: "On the upside a break and further strong upmove above 0.8400 might see a rise towards the Resistance region 0.8450-70."
