Published: Mon, 09 Nov 2009 15:34:00 +0100
Forex: AUD/USD: Aussie rallies further to test 0.9300 area
FXstreet.com (Barcelona) - Australian Dollar rally from 0.8915 low on November 3 has extended 100 pips higher so far today, and the pair reaches to test 0.9300 resistance area at the moment of writing.
The Aussie is looking strong, and we could see further appreciation to 0.9330 in the next sessions, according to the Kshitij Consultancy Service Team: "Aussie has risen and is looking strong. We might see further rise towards 0.9330-50 in the coming sessions. A strong break above 0.9350 might target 0.9500 in the coming days/weeks."
On the downside, the Kshitij Consultancy Service Team, points out to 0.9200 area: "Any sharp downmove is not looking likely now. However, a break below 0.9200 might pull it down towards 0.9150-30 during the day.
By Fxstreet.com
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