Forex: AUD/USD recovery from 0.8500 stalls below 0.8600
Jun 15
FXstreet.com (Barcelona) – Australian Dollar’s rally from Jun 7 low at 0.8080 was capped on Monday at 0.8665, and the pair pulled back on dovish RBA minutes, to 0.8500 level, where it found support to bounce up on European trade and stall right below 0.8600 level.
The pair stands right below a strong resistance area at 0.8600/700 according to the Kshitij Consultancy Services Team: ” The pair is near a strong Resistance region of 0.8600-700 and we will need to wait and watch if the pair breaks or honours this Resistance in the coming sessions over today and tomorrow.”
In case of failure, Aussie could pull back towards 0.8400 says the Kshitij Consultancy Services Team: ” While below 0.8600 it