AUD rallied ahead of an RBA rate announcement, and was further boosted by rebounding commodity and energy prices.
TECH VIEW:
AUD is expected to trade in the range of 0.9495-0.9410.With good support is seen at 0.9390 and good resistance is seen at 0.9500.Stochastic and Relative Market strength index is giving indication for the currency to give a downward correction. But an element of caution is required as the moving averages are giving bullish crossover.
AUD is expected to trade in the range of 0.9495-0.9410.With good support is seen at 0.9390 and good resistance is seen at 0.9500.Stochastic and Relative Market strength index is giving indication for the currency to give a downward correction. But an element of caution is required as the moving averages are giving bullish crossover.
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