AUD was reasonably range bound as the greenback strengthened. The Aussie was well supported through its dips, as investors appetites for carry trades is still strong leaving it poised to push through the 94c barrier provided the first quarter export and import prices are released with favorable results.
TECHNICAL FOR THE DAY
Aussie is expected to trade in the range of 0.9320-0.9400 levels .With good support seen at 0.9310 and key resistance at 0.9420.Currency is expected to be on a mixed note but the possibility of a small downside correction cannot be ruled out as the sensitivity indicators Stochastic and Relative Market strength index are supporting the view but the AUD is seen trading well above the moving averages.
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