FXstreet.com (Barcelona) - Australian Dollar recovery from 0.9060 low on Friday extended on Monday to 0,9275 high to turn down during U.S. and Asian sessions hitting 0.9130 low on early European session, testing the uptrend support line from early March lows, now around 0.9135/40.

At the moment, the Aussie trades at 0.9170, and with the pair fairly neutral, according to Rajoo C, technical analyst at Precise Trader: Hourly Trend is Sideways while 9300 holds and Daily Trend is Sideways Up while 9025 holds, so expect the price to be Choppy and Downside may be limited.

On the upside, resistance levels might be at 0.9215/25, and above here, 0.9280 (Sept 23 high) and 0.9325/35 (Nov 18 high). On the downside, support levels lie at 0.9035/40 (LT trendline), and below here, 0.9060 (Nov 20 low) and 0.9025 (Nov 5 low).

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