AUD weakened as the U.S dollar strengthened and commodity prices softened. The Aussie was also hit by weak dwelling approvals yesterday. . Looking ahead, Retails Sales figures for March are to be released on Friday with forecasts of a drop from -0.1% to -0.3%.
TECH VIEW:
AUD is expected to trade in the range of 0.9290-0.9350 .With good support seen at 0.9280 an key resistance for the currency is seen at 0.9380.Currency is expected to give downward correction for the day .Momentum gives a slight indication of the currency to move on upper note for near term.
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