The Australian Dollar reached the expected goal at the level of 0.9053. This level should be consolidated before a new movement, either upward or downward. The strong area of support is at 0.9012, while the dynamic resistance, which is under the downward pressure, is at 0.9390. These levels are the Aussie’s range levels for the next few days, given that technical momentum indicator is in negative territory as well as on May 17, it is more likely to go upward as part of profit-making to 0.92 levels. Therefore, we recommend buying at current price levels and wait for the recovery of the Australian dollar.
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