-
AUD/USD – Continues to Find Support at 0.8200
The Australian dollar has a experienced a bad last month moving from resistance around 0.88 down to multi year lows right on 0.8200 in the last couple of days. Over the last week the Australian dollar has been able to halt the strong decline a little allowing it to consolidate and establish a narrow range between 0.8200 and 0.8350. It is presently receiving some much needed support around 0.8200 as it appears to have its eyes firmly fixed on the 0.80 level. A few weeks ago it enjoyed some temporary support from 0.85, however this eventually gave way to overwhelming supply. To start that week it rallied back above ... (full story)