AUD traded at a fresh 24 year high of 0.9558 on Friday on the back of weak US data and strong rally in gold and risk appetite. The Australian Dollar once again set new highs by touching 0.9571. The RBA minutes are also scheduled for release tomorrow, as market will be looking for any hawkish comments.
Tech outlook:
Aussie is seen on a bull run for the day with the trading range of 0.9510-0.9590. currency has its support at 0.9490 levels and holds resistance at 0.9600 levels break of which will see 0.9620.Aussie is seen trading above the fast moving average giving confirmation on the bull run. Stochastic and RSI are hinting towards the possibility of small market correction as they are at overbought levels.
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