FXstreet.com (Barcelona) - Australian Dollar retreat from 0.9320 resistance area reached last week, has extended during Asian session to a fresh intra-week low at 0.9015, and the pair attempts to pick up on early European session, reaching levels around 0.90 80 on early European session.

According to Rajoo C, technical analyst at Precise Trader, the pair is sideways on hourly carts with downside limited by 0.8995/25 area: The Hourly Trend is in a Range trading expect a choppy session with the downside limited , 8995-25 are the critical levels to watch to maintain the bullish outlook.

Support levels at the moment lie at 0.8915 session low, and below here, 0.8985 and 0.8945 (Nov 27 low). On the upside, resistance levels lie at 0.9085 session high, and above here, 0.9165/70 (Dec 8 high) and 0.9190/95 (Dec 7, Nov 30 highs).

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