Australian dollar rose for a third day on speculation that the U.S. Federal Reserve will delay increasing borrowing costs, making higher- yielding assets more attractive.
Tech view:
AUD is expected to trade in a mixed note for the day With the trading range of 0.9380-0.9470.Good support seen at 0.9350 and resistance for the currency is seen at 0.9490.Stochastic and Momentum are hinting towards a small market correction. currency is seen trading between the fast and slow moving averages giving indication of a sideways movement for the day .
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