Australian Dollar gained as Oil and Gold increased but was sold sharply as Risk aversion spiked . The market has kept the current range all week as it waits for the next RBA rate decision.
Technical outlook:
AUD R1: 0. 8600 S1:0.8460
R2: 0.8610 S2: 0.8450
Chart pattern is seen on bear note for the day. Trading range is expected between 0.8480-0.8590 levels . Stochastic is seen trending down and parabolic is also supporting the bear trend.
AUD R1: 0. 8600 S1:0.8460
R2: 0.8610 S2: 0.8450
Chart pattern is seen on bear note for the day. Trading range is expected between 0.8480-0.8590 levels . Stochastic is seen trending down and parabolic is also supporting the bear trend.
No comments:
Post a Comment