FXstreet.com (Barcelona) - Australian Dollar's reversal from Wednesday's high at 0.9325 has extended to levels below 0.9000, as the pair has dipped on nearly European session to fresh 3-weeks low at 0.8945; 1.70% below its day opening level.

The Pair is biased to the downside, according to Rajoo C, technical analyst at Precise Trader, and only above 0.9110 bias will be swifted: The Hourly Trend has marched lower and has breached important support so any pullback upside should be limited, 9110-70 are the critical levels to watch to maintain the bearish outlook.

On the daily basis, Rajoo C sees the pair sideways-down while below 0.9330: Daily Trend is also Sideways Down while 9330 holds, so expect the price to be Choppy with a Downside bias.