FXstreet.com (Barcelona) - Australian Dollar has declined sharply from Wednesday's high at 0.9335 to hit a fresh low at 0.9155, and the pair is ticking up from oversold levels, reaching 0.9200 so far.

If the pair holds above session low, the Kshitij Consultancy Service Team favours recovery targeting 0.9250/60 area on U.S. session: If it holds, we might expect a bounce back towards 0.9230-50 in the US session today.

On the downside below 0,9160, the Kshitij Consultancy Service Team foresees lows around 0.9120/00: However, a break below this Support at 0.9160 (200-MA on the 4-hr chart) might see further dip towards 0.9120-00.