FXstreet.com (Barcelona) - Australian Dollar pullback from 0.9370 high on Thursday ha held at 0.9210, and the pair has taken back some of the lost ground, reaching levels around 0.9285 at the time of writing, with 0.9300 on sight.

The pair approaches key resistance area at 0.9280/00, according to Rajoo C, technical analyst at Precise Trader: The Hourly Trend is in a Range Trading but expect the upside to be limited , 9280-9340 are the critical levels to watch to maintain the bearish outlook .

On the hourly trade, Rajoo C observes the Aussie bearish while 0.9340 resistance holds: The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 9340 holds and Daily Trend is Sideways Up while 9080 holds, so expect the price to be Choppy with a Downside bias.

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