Australian dollar has taken a big hit as investors have been caught off guard by a sharp shift in expectations towards interest rate cuts.
AUD is expected to be on a bullish note for the day. With the trading range expected between 0.9230-0.9410.With good support seen at 0.9220 levels and resistance is seen at 0.9425.Currency is seen trading below the moving averages giving bearish outlook but stochastic has turned from the oversold levels giving cues for the uptrend.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment