AUD touched 20 year highs overnight on surging commodities and continued fallout from hawkish RBA minutes. AUS/JPY traded as high as 99.80 but was weighed down by weak stocks. Looking ahead for the day very little data out for rest of weak.
Technical view for the day
Aussie is seen on a bull run for the day with the trading range of 0.9600-0.9680. currency has its support at 0.9580 levels and holds resistance at 0.9690 levels break of which will see 0.9700.Aussie is seen trading above the fast moving average giving confirmation on the bull run. Both Stochastic and RSI are also supporting the bull note.
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