Monexnews-Aussie currently residing at 1.0345, off of the low in the session, down from 1.0337 weekly new high 1.0368 achieved at the end of U.S. session, up 0.41% for this week so far. Aussie is currently showing the movement of weak domestic economic data followed, especially against the Euro, the strongest currency lately, with the EUR/AUD in numbers have stayed high, rotational 1.2980.
According to Valeria Bednarik, an analyst from FXstreet.com: the hourly charts are bullish signal by reading maintaining technical, which shows the existence of the action that will probably buy new look in the upcoming few hours: price to penetrate over resistance to negative bias 1.0410 memupus previously and attempt to continue towards 1.0500 area. lost, will open opportunities 1.0330 down into the area, said 1.0260/70 Valeria.
The analyst said the support level at 1.0330, and 1.0300 1.0260. While the range of 1.0370, and 1.0410 1.0460.
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