FXstreet.com (Barcelona) - Australian Dollar has continued trading upwards, and from 0.9150 loew on Thursday, the pair has rallied to a fresh 2009 high at 0.9270 before pulling back to levels around 0.9200 at the moment of writing.

According to Rajoo C, technical analyst at Precise Trader, the Aussie is bullish on Daily charts, sidelined on hourly studies: Hourly Trend is Sideways Up while 9125 holds and Daily Trend is Up while 8960 holds, so expect the price to make Higher Highs but the Upside may be limited.

Concerning hourly studies, Rajoo C, observes the possibility of a reversal on the pair's bias: The Price on the Hourly is creeping higher expect the price to be choppy with a potential to reverse soon , the price should not trade below 9150-9125 to maintain the bullish outlook.