Australian dollar headed for weekly gains on speculation the nations will maintain their interest-rate advantage over the U.S. as the Federal Reserve may delay raising borrowing costs.
Tech View:
AUD is expected to trade on a bull note for the day With the trading range of 0.9470-0.9550.Good support seen at 0.9450 and resistance for the currency is seen at 0.9570.Stochastic is giving indication of a bull run and the currency is also seen trading well above the moving averages but Momentum is remaining silent on the issue as it is seen flat.
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