Australian dollar fell to its lowest level in almost a year after the Reserve Bank of Australia cut interest rates for the first time since 2001.
Tech outlook:
R1: 0. 8590 S1:0.8450
R2: 0.8600 S2: 0.8440
Chart pattern supports a bear note for the day. Trading range is expected between 0.8460-0.8580 levels .Relative Strength index is seen trending down and currency is also seen trading below the moving average.
R1: 0. 8590 S1:0.8450
R2: 0.8600 S2: 0.8440
Chart pattern supports a bear note for the day. Trading range is expected between 0.8460-0.8580 levels .Relative Strength index is seen trending down and currency is also seen trading below the moving average.
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