Forex: AUD/USD: Rejected at 0.9210 area, Aussie approaches day low at 0.9150

20 November 2009 @ 04:30 am EDT

FXstreet.com (Barcelona) - Australian Dollar's recovery from 0.9130 low on Thursday has been capped twice at 0.9210/13, and the pair has declined during Asian session , reaching levels around 0.9155, right above session low at 0.9150.

According to Rajoo C, technical analyst at Precise Trader, the pair will remains sideways while below 0.9270: "The Hourly Trend is in a Range Trading expect a choppy session until the breakout, 9270-9330 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting no clear direction until the breakout."

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