For the best part of the last month the Australian dollar has established and traded within a narrow range roughly between 0.88 and the recent resistance level at 0.90. However for the most part over the last week the Australian dollar has fallen sharply back down to the support level at 0.88 and pushed through moving to a multi-year low below 0.8750 over the last 24 hours. A couple of days ago it surged higher to a one week high near 0.8890 before returning back again to the key 0.88 level and below. A week ago the Australian dollar was able to rally higher pushing through the resistance at 0.90 to a one month high ... (full story)