Australian Dollar bounced again into the European session but as Gold tested the $800 support the Aussie was sold back to the .8700 level. The Nab Business confidence survey remained at -9 but the Westpac Consumer sentiment jumped 9.1% in July. Wage Price Index Jumps to 1.2% in Q2.
Technical view
AUD R1: 0.8790 S1:0.8640
R2: 0.8830 S2:0.8590
Chart pattern hints towards a downtrend for the day. Relative strength index is signaling towards a bear note Averages of MACD is also supporting it.
No comments:
Post a Comment