FXstreet.com (Córdoba) - The Aussie opened on Monday at 0.8530
showing a 30-pip upside gap from its Friday's close, and despite at
the beginning the pair moved slightly down, the Australian dollar
is strengthening and dragging the price up. Currently AUD/USD is
trading at 0.8545, 0.18% above its opening price.
"Approaching to 0.8580 strong midterm resistance level; as long as
the pair manages to hold above 0.8500 an according to hourly
indicators, bias remains bullish heading towards that 0.8550/80
zone", said Valeria Bednarik, analyst at FXstreet.com.
"If pair manages to gain and hold above that area, the bullish
momentum is set to extend heading towards 0.8630 and 0.8700 in the
upcoming sessions", said Bednarik.