On the upside, above 1.0455 (day high) the pair might find resistance at 1.0500/15 (Aug 15/16) and (Aug 17 high) and 1.0675 (Aug 3 lows). On the downside, support levels lie at 1.0315 (day low), with next support levels, at 1.0245 (Aug 12 low) and 1.1015 (intra-day level).
Above 1.0450, the pair will increase bullish pressure, and extend to 1.0500/50, according to Kshitij Consultancy Services Team: "The 200-DMA (1.0319) is holding well and the Aussie has risen sharply from its low of 1.0315. There is Resistance at 1.0450 and a strong break above it would take it further up towards 1.0500-50 in the coming session."
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