In the last 48 hours the Australian dollar has made repeated attempts to move up strongly to the resistance level at 0.7850 however it has been rejected every time and sent back easing lower. After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resistance level at 0.7850. During last week the Australian dollar moved through the resistance at 0.7850 to reach a new four week high around 0.7900. For the last month the Australian dollar has steadied well and traded in a narrow ... (full story)