Forex: AUD/USD: Aussie rally stalls at 0.9300

Wed, Nov 25 2009, 14:14 GMT
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FXstreet.com (Barcelona) - Australian Dollar rally from Tuesday's low at 0.9130 has stalled at 0.9300, and the pair has eased to levels around 0.9275 ahead of Wall Street's opening bell.

On the short term, the Aussie continues upside biased, according to the Kshitij Consultancy Service Team targeting 0.9350-0.9400 : "Aussie is continuing to trade strong on the upside. We might see further rise towards 0.9350-0.9400 over the next few sessions/days."

On the downside, potential pullbacks should hold above4 0.9220, says the Kshitij Consultancy Service Team: "Any sharp downmove is not looking likely now and we expect the Support in the 0.9220-00 region to hold in the US session today if any pull back is seen."

AUD/USD

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