AUD rallied throughout the day boosted by commodities as gold $20 an ounce. RBA Governor also made mention of the Chinese Economy stating that the economy is overheating predicting that Australia's dollar will outperform major currencies over the next 12 months .
Tech View:
Aussie is seen on a bull run for the day with the trading range of 0.9400-0.9490. currency has its support at 0.9390 levels and holds resistance at 0.9500 levels break of which will see 0.9520.Aussie is seen trading above the fast moving average giving confirmation on the bull run.
Aussie is seen on a bull run for the day with the trading range of 0.9400-0.9490. currency has its support at 0.9390 levels and holds resistance at 0.9500 levels break of which will see 0.9520.Aussie is seen trading above the fast moving average giving confirmation on the bull run.
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