FXstreet.com (Barcelona) - The Australian Dollar rallied yesterday from 0.6300 all the way to 0.6490, but it could not hold that area and, during the Asian trading session the Aussie has dropped back to 0.6400.

According to the E-Forex team, the Aussie could attempt a re-test of 0.6490 if the pair remains above 0.6400: Intra-day momentum is negative due to the 100 points retracement but .6400 may provide a reversal point if it holds, leading to a re-test of the interim resistance at .6490.

Above there, next resistance lines could come at 0.6550, and jumping above here, the pair could rise towards last month's high at 0.6850.