Following couple of sessions where the US dollar has been weakening after more cautious sentiment on rate-hike bets, the so-called aussie benefited from the greenback’s drop and rose to near January’s trading levels. Now we can see trading in a range of $0.7839 and $0.7891. in case of greenback’s turn back to previous strengthening trend, we can see support at $0.7768 or further one at $0.7616. If aussie hikes above $0.79 level, we prefer to close long positions at psychological $0.8000, as previous trading showed no strong resistance in this area. After $0.8100, stronger resistance may be seen at $0.8214. We remain bullish in very short-term, but bearish in a long-term due to US dollar strengthening.