The Australian Dollar broke through the lower range as gold continued to fall and USD strengthened.
Tech view:
AUD chart pattern indicates the currency to be on bearish note for the day. With the trading range of 0.9400-0.9480.Currency has good support 0.9390 levels and holds resistance at 0.9500 levels. Currency is seen trading well below the moving averages confirming the bear note but slight upward correction is expected as stochastic lie in overbought level.
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