FXstreet.com (Barcelona) - Aussie's rally from 0.8585 low on September 28 was capped at 0.8860, 13 month low and the pair eased during the day, although after bouncing at 0.8770, Australian Dollar has returned above 0.8800 and, according to Mohammed Isah, technical analyst at FXTechstrategy it could resume its recent uptrend.

Above 0.8787, Isah considers that the uptrend remains intact and the pair could reach 0.8950: On a hold onto those gains above the said level (0.8787), additional higher prices are expected towards its Aug 10'08 high at 0.8950 with a clean penetration of there allowing for further upside targeting the 0.9000 level, its big psycho level. This level on initial test should pose a threat to the pair.

On the downside key levels are 0.8810 and 0.8787, says Isah: Immediate support lies at the 0.8810 level, its Aug 17'08 high followed by the 0.8787 level, its eroded YTD high with an acceleration through there targeting the 0.8584 level, marling its Sept 28'09 low.

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