The Australian dollar fell after a government report showed retail sales dropped the most in six years, adding to signs the economy is slowing.
Technical view 31.07.08
AUD is expected to be on a bearish note for the day. With the trading range expected between 0.9380-0.9480.With good support seen at 0.9370 levels and resistance is seen at 0.9485.Currency is seen trading below the moving averages giving bearish outlook .
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