FXstreet.com (Barcelona) - The Australian Dollar has stretched above 0.9255 Asian session high to extend rebound from intra-day low at 0.9190 to 0.9285 high so far.

However, the pair remains bearish in hourly studies while below 0.9315, says Rajoo C, technical analyst at

Precise Trader: 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 9315 holds and Daily Trend is Sideways Up while 8955 holds, so expect the price to be Choppy with a Downside bias.

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