Throughout most of last week the Australian dollar dropped sharply back through the support level at 0.8650 and 0.86 before finishing the week rallying higher and creeping back above the 0.8650 level. In the week prior the Australian dollar was able to rally higher and bounce off multi year lows around 0.8550 and in doing so has moved back within the previously well established trading range between 0.8650 and 0.88. Earlier last week the Australian dollar ran into the resistance level at 0.88 again which stood tall and sent prices lower again. A few weeks ago it fell sharply from above the resistance level at 0.88 ... (full story)