Australian Dollar pulled back from all time highs as commodities were broadly lower lead by Oil. RBA governor Stevens gave a dovish comments that “in the future we will look back at this period as one of high interest rates” .
TECHNICAL VIEW:
AUD is expected to be on bull trend for the day. trading range is expected between 0.9706-0.9830 levels. currency offers support at 0.9700 and resistance is eyed at 0.9840 levels. Momentum and stochastic trends upwards giving a bullish view.
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