Welcome to the Hotel Aussie Dollar
They stab it with their steely knives but they just can’t kill the beast.
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It has bounced from its European timezone lows, but the sellers are mustering again and it will remain offered on rallies. Support levels should now become resistance, techs are talking about 0.8860/65 as the first tech resistance area from here, then 0.8890/95. Some of the big picture guys are now talking about a base forming.
- Sellers 0.8890/0.8900
- Sellers 0.8860
- Sellers 0.8850
- Sellers right here at market and up to 50, some stops above 50 from traders
- Buyers 0.8770, more stops below here
- Buyers 0.8750 and ahead of 50
