The Australian Dollar did well to hold its own in the face of USD strength and gold sell off. Looking ahead for the Construction work which is expected to come in at 2.3%.
Tech View:
Aussie is expected to be on a mixed note for the day with the trading range of 0.9550-0.9640. currency has its support at 0.9540 levels and holds a key resistance at 0.9650 levels .Aussie is trading between the fast and slow moving average only crossovers can give confirmation on the trend. Both Stochastic and RSI are hinting towards the possiblity of bullish note.
Aussie is expected to be on a mixed note for the day with the trading range of 0.9550-0.9640. currency has its support at 0.9540 levels and holds a key resistance at 0.9650 levels .Aussie is trading between the fast and slow moving average only crossovers can give confirmation on the trend. Both Stochastic and RSI are hinting towards the possiblity of bullish note.
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