Australian Dollar stayed inside the recent range initially being able to trade above 0.8400 on increasing risk appetite and AUD/JPY support. Closed lower due to an increase in USD demand but was well supported on the crosses.
Tech Outlook;
AUD R1: 0. 8440 S1:0.8250
R2: 0.8460 S2: 0.8240
Chart pattern supports mixed note for the day. Trading range is expected between 0.8280-0.8420 levels .Both stochastic and momentum are seen trending down but parabolic is supporting bullish movement.
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