Australian Dollar did receive a boost from the rally in commodities but failed to reclaim the .9500 level. Australian jobs data with 13.5K jobs and no change in Unemployment rate at 4.2%.
Tech view:
AUD is expected to be on the downtrend for the day. Support is seen at 0.9300 and breach of it could test new lows. The resistance is seen at 0.9510 levels. trading range is expected between 0.9310-0.9495 levels. momentum trends for downside for the day. stochastic remains oversold area thereby taking the currency to be downside trend for the day.
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