The Australian dollar has been on quite a rollercoaster ride of late moving sharply back and forth from below 0.76 and up to the key resistance level at 0.7850. It presently has eyes on the resistance level at 0.7850 after being rejected at that level earlier last week. A couple of weeks ago the Australian dollar made a statement and broke down strongly through the key 0.77 level which then provided significant resistance for the following few days. It was also able to enjoy some short term support around 0.7550 which propped it up and allowed it to rally strongly in the last week. Several weeks ago the Australian ... (full story)