FXstreet.com (Barcelona) - Australian Dollar rally from 0.8565 low on Friday, has during Asian session to levels above 0.9000, and the Australian Dollar trades tight now at 90.35; 1.40% above its opening level.

The Ausie is overbought on hourly charts although according to Liviu Flesar, technical analyst at InnerFX, uptrend is very strong: However, uptrend is strong and more buying opportunities are likely to occur. The Aussie is trading now into the .9000 region and a notable resistance is formed around .9100 as seen on the chart below - it could limit gains for a while, initiating a corrective cycle.

On the downside, support levels, according to Flesar, lie at 0.9000, 0.8950 and 0.8900.

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