FXstreet.com (Barcelona) - Australian Dollar rally from 0.9210 was been capped at 0.9405, and the Aussie has been retreating ever since, reaching intra-day low at 0.9280 during Early European session although the pair did not yet confirm below 0.9300.

According to Rajoo C, technical analyst at Precise Trader, hourly sentiment is up while 0.9250 level holds: Hourly Trend is Sideways Up while 9250 holds and Daily Trend is also Sideways Up while 9145 holds, so expect the price to be Choppy and Upside may be limited.

Support levels, at the moment, lie at 0.9280 session low, and below here, 0.9250 and 0.9210 (Nov 12 low). On the upside next support level lies at 0.9355 and above here, 0.9380 (Nov 17 high) and 0.9405 (Nov 16 high).

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