By CountingPips.com
AUD/USD: The Australian dollar’s recent and sharp decline has cooled off over the last few weeks and hit a low last week around the 0.9000 major threshold. To start the week, support looks to come in at the 0.9000 major level and weekly resistance may top out around the 0.9250 level that has provided resistance selling over the past three weeks. This pair has been in freefall for some time now and only time will tell when a strong base of support materializes.
Written by Zac Storella, CountingPips Forex Blog & Currency Pair Technical Analysis
