The Australian Dollar traded in a large range tracking the Euro higher then falling to 3 week lows on weaker commodities and stronger USD. Looking ahead for April Housing Finance which s expected to show a further decline at -2.0%.
TECH VIEW:
AUD chart pattern indicates the currency to be on bearish note for the day. With the trading range of 0.9420-0.9520.Currency has good support 0.9400 levels and holds resistance at 0.9540 levels. Currency is seen trading well below the moving averages confirming the bear note,view gets a support from the pivot analysis.
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