Australian dollar plunged to new multi-day lows against its major after a report showed that consumer confidence in fell a on record oil prices and a slide in the stock market
TECH OUTLOOK:
AUD chart pattern indicates the currency to be on downside for the day . With the trading range expected between 0.9470-0.9560 levels. Support for the currency is seen at 0.9450 levels and resistance is seen at 0.9580 levels for the day. Momentum and stochastic are signaling towards the possibility of bearish correction for the day. Currency is also seen trading below the fast moving averages.
AUD chart pattern indicates the currency to be on downside for the day . With the trading range expected between 0.9470-0.9560 levels. Support for the currency is seen at 0.9450 levels and resistance is seen at 0.9580 levels for the day. Momentum and stochastic are signaling towards the possibility of bearish correction for the day. Currency is also seen trading below the fast moving averages.
No comments:
Post a Comment