AUD weakened in the Asian session following poor consumer sentiment results which saw a drop in confidence by a further -1.3% to a 15-year low, before regaining somewhat in New York following weaker U.S stocks. Looking ahead is the Unemployment Rate which is due with a forecast from 4.0% to 4.1%.
TECH VIEW
AUD chart pattern indicates the currency to be on uptrend for the day . The support is seen at 0.9260 levels and holds resistance at 0.9345 levels. The trading range is expected between 0.9270-0.9340 for the day. MACD supports the currency to remain on bull note for the day .
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