FXstreet.com (Barcelona) - Aussie's retreat from 0.9325 high found support at 0.9270 low on Tuesday and the pair has returned to the upside, bouncing to reach levels around 0.9250 at early European session.

On the upside, the pair might find resistance at 0.9165 (Jan 7 high/intra-day high) and above here, 0.9285/90 (intra-day lows) and 0.9320/25 (Jan 11 high). On the downside, support levels lie at 0..9215, and below here, 0.9200 and 0.9170 (Jan 12 low).

The pair is sideways on hourly charts while below 0.9325, according to Rajoo C, technical analyst at Precise Trader, who expects the pair to remain choppy with an upside bias: Hourly Trend is Sideways while 9325 holds and Daily Trend is Sideways Up while 9040 holds, so expect the price to be Choppy with a Upside bias. The Daily Trend has been creeping higher but the bears were in total control yesterday.