Australian Dollar came under pressure as commodities continued to slide and the USD strengthened. Looking ahead for RBA Assistant Governor to speak.
Tech Outlook:
AUD is expected to be on a bearish note for the day. With the trading range expected between 0.9480-0.9580.With good support seen at 0.9450 levels and resistance is seen at 0.9590.Currency is seen trading below the moving averages giving bearish outlook .Parabolic and Momentum is also supporting the bear note.
AUD is expected to be on a bearish note for the day. With the trading range expected between 0.9480-0.9580.With good support seen at 0.9450 levels and resistance is seen at 0.9590.Currency is seen trading below the moving averages giving bearish outlook .Parabolic and Momentum is also supporting the bear note.
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