Australian dollar headed for a second weekly gain after the central bank raised its forecast for inflation in a quarterly policy statement today.
TECH VIEW
Aussie is expected to be on downtrend for the day. trading range is expected between 0.9410 -0.9470 levels. currency lends its support at 0.9400 levels and holds resistance at 0.9475 levels. narrow band indicated the currency to trade in tight pattern for the given trend in near term. stochastic gives the clue of the currency to trade on downside for the day.
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