Australian dollar declined against the U.S. currency as an industry report showed business confidence fell cooling domestic demand and rising raw-material costs .
TECH OUTLOOK
AUD chart pattern indicates the currency to be on downside for the day . With the trading range expected between 0.9510-0.9605 levels. Support for the currency is seen at 0.9500 levels and resistance is seen at 0.9620 levels for the day. Momentum and stochastic are signaling towards the possibility of bearish correction for the day.
AUD chart pattern indicates the currency to be on downside for the day . With the trading range expected between 0.9510-0.9605 levels. Support for the currency is seen at 0.9500 levels and resistance is seen at 0.9620 levels for the day. Momentum and stochastic are signaling towards the possibility of bearish correction for the day.
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