FXstreet.com (Barcelona) - Aussie's retreat from 0.9330 year to date high has extended on Wednesday below 91.00, as failure to break above 92.00 has triggered a sharp decline, to 0.9055, 2-weeks low so far.

On the hourly charts, Rajoo C, technical analyst at Precise Trader, observes the Aussie targeting 0.9020/8945: The Hourly is creeping lower expect the price to bottom near 9020-8945 level, the price should not trade above 9215-60 to maintain the bearish outlook.

On daily studies, Rajoo C sees the pair trading sideways: Daily Trend is Sideways while 8945 holds, so expect the price to make Lower Lows. The Price is trading Above Monthly, but below the Weekly open.

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