AUD grinned higher on Monday tracking commodity prices and a relatively quiet dollar as investors pause before the Fed’s rate announcement on Wednesday. Looking ahead for the NAB Business Confidence for Q1 to be announced with not much change from its previous level .
TECH VIEW:
AUD is expected to trade in the range of 0.9330-0.9420.With good support seen at 0.9320 an key resistance for the currency is seen at 0.9430.Currency is expected to give a slight correction for the day as the averages of MACD line are showing bearish crossovers and momentum is also supporting the bear trend.
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