The Australian dollar traded near the highest level in 25 years on speculation the central bank will raise interest rates again this year.
Tech View:
Aussie is seen on a bull run for the day with the trading range of 0.9570-0.9650. currency has its support at 0.9555 levels and holds resistance at 0.9680 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.
Aussie is seen on a bull run for the day with the trading range of 0.9570-0.9650. currency has its support at 0.9555 levels and holds resistance at 0.9680 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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