Australian dollar pared gains after the central bank said in the minutes of its last meeting two interest-rate increases this year will slow growth and may be enough to cool inflation. New Zealand's currency advanced.
Tech View:
AUD is expected to trade in a mixed note for the day With the trading range of 0.9380-0.9480.Good support seen at 0.9350 and resistance for the currency is seen at 0.9490.Stochastic and Momentum are hinting towards a bull run. But currency is seen trading well below the fast moving averages and histograms are also pointing towards the downtrend.
AUD is expected to trade in a mixed note for the day With the trading range of 0.9380-0.9480.Good support seen at 0.9350 and resistance for the currency is seen at 0.9490.Stochastic and Momentum are hinting towards a bull run. But currency is seen trading well below the fast moving averages and histograms are also pointing towards the downtrend.
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