Aussie under pressure

AUD was pressured as the Greenback rebounded on positive Retail Sales figures. Wage Price Index for the first quarter were released below expectations at 0.9% .AUD is expected to trade in the range of 0.9320-0.9430.With key support seen at 0.9300 levels and resistance is seen at 0.9450 levels.Currency is expected to be on a mixed note for the day but would receive confirmation on the downtrend with the break of 0.9350.Relative strength index is remaing slient on the issue and stochastic is trending up currency is seen trading below the fast moving average.