The Aussie continues to see attempts to rally, as the market has possibly been overstretched to the downside. The market now look as if it is going to be running into a bit of trouble.
The AUD rallied again during the session on Wednesday, showing that there is a significant amount of momentum trading. However, the Aussie is running into major resistance just above.
The AUD is a currency that is trying to test a pervious support level, which now is likely to offer resistance.