Dollar weakened against the British pound today before an industry report that will probably show U.S. consumer confidence fell to a 16-year low. AUD opened firmer and is remains steady at $0.9315, just below three-week highs of $0.9347, even though the U.S. currency enjoyed a rally of its own against other major currencies.
TECH FOR THE DAY
Pound chart pattern indicates uptrend for the day with trading range expected between 1.9690-1.9770.the currency has its support at 1.9685 levels and holds resistance at 1.9880 levels. The Momentum indicated the currency to be on upper side and stochastic also tuned to the currency to be up trend for the day.
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