FXstreet.com (Barcelona) - The aussie dollar is retracing the losses incurred after the publication of the Westpac Consumer Sentiment last night, coming in far weaker than expected with a contraction of 8.3%, down from +6.30% in the last period.
The pair tumbled in the last two sessions due mainly to a risk-off trading as the euro zone crisis is weighting in the investors’ sentiment.

As of writing, the cross is gaining a modest 0.04% at 0.9990
The immediate resistance level lies at 1.0033 (hourly res Dec.14), followed by 1.0077, then 1.0097 (hourly res Dec.13) and 1.0163 (high Dec.13).
On the other hand, a breakdown of 0.9944 (low Nov.30) would open the door to 0.9863 (low Nov.29), then 0.9785 (prev hourly res now sup) and 0.9664 (low Nov.23).