Australian dollar climbed on speculation the Federal Reserve will delay raising interest rates, maintaining the yield advantage offered by the two South Pacific nations.
Tech view:
Aussie is expected to continue its bull run with the trading range of 0.9520-0.9600 levels for the day. Good support is seen at 0.9500 and key resistance for the currency is seen at 0.9620 levels. Currency is seen trading well above the fast moving averages supporting the bull run. View receives support by momentum and parabolic.
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