FXstreet.com (Barcelona) - Australian Dollar has pulled down during Asian session, from Monday's high at 0.8430, and the pair declined to 0.8335 low ahead of the European session opening, to bounce up to 0.8385 at the moment of writing.

On a wider perspective, Ausie's rally from Aug 14 low at 0.8155 continues, although, according to Jamie Saettele, technical analyst at DailyFX, as the pair approaches 2009 high, the shor-term pattern is called into question: As the AUDUSD nears its 2009 high, the bearish short term pattern is called into question. Potential for a breakout exists as long as the AUDUSD is above .8212.

On the upside, Jamie Saettele points out o levels around 0.9000: A potential target is the 78.6% of the decline from .9856, just above .9000. This level intersects potential trendline resistance on the same day that the EURUSD resistance line intersects its 78.6% retracement (end of September). .8286 is short term support.

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