AUD eased on the back of softer commodity prices. The RBA s widely expected to keep rates on hold Tuesday at 7.25% The Australian dollar fell after the central bank kept its benchmark interest rate unchanged and said it expects previous increases to slow inflation.
TECHNICALS FOR THE DAY
AUD is expected to trade in the range of 0.9050-0.9160.With good support seen at 0.9030 and key resistance is seen at 0.9180. Currency is expected to give a downward correction for the day Sensitivity indicator Stochastic and momentum oscillators are also signaling towards the bear trend to continue for the day.
AUD is expected to trade in the range of 0.9050-0.9160.With good support seen at 0.9030 and key resistance is seen at 0.9180. Currency is expected to give a downward correction for the day Sensitivity indicator Stochastic and momentum oscillators are also signaling towards the bear trend to continue for the day.
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