FXstreet.com (Barcelona) - Dollar's rally from Monday's low at 90.15, has extended during Asian session, to a fresh 7-week high at 91.50 although bullish pressure has eased on European trade, and the pair has remained trading in a range between 91.15 and 91.35.

Resistance levels lie at 91.50/60 (session high/Oct 30 high), and above here, 91.80 (Oct 28 high) and 92.35 (Oct 27 high). On the downside, support levels lie at 91.00, and below here, 90.75 (Dec 4 high) and 90.25 (Dec 21 low).

On a longer term perspective, Peter Rosenstreich, technical analyst at ACM - Advanced Currency Markets observes a clear ascending triangle pattern: The 4-week uptrend coupled with major resistance at 91.00 is now creating a very clear ascending triangle pattern, and a break to the upside would look to target 97.00 levels.

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