FXstreet.com (Barcelona) - Australian Dollar retreat from 0.9195 high last Friday extended on early Asian session to a fresh 10-week low at 0.8808, to pick up later and test 0.8900 area on early European session.

Resistance levels lie at 89.05/15 and above here, 89.50 (Dec 16 low) and 0.025. On the downside, Support levels lie at 0.8845 (Dec 17 low), and below here, 0.8810 (session low) and 0.8745.

On hourly charts, the pair is sideways to bullish while above 0.8810, according to Rajoo C, technical analyst at Precise Trader: The Hourly Trend is creeping higher and we deduce the low may have been seen so expect the price to move higher ,8825-10 are the critical levels to watch to maintain the bullish outlook .

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