Australian Dollar was buoyed by the large gains in commodities although gains were not sustained as Oil slipped off highs and safe haven flows kept risk taking to a minimum.
Technical outllook:
AUD R1: 0. 6970 S1:0.6830
R2: 0.6990 S2: 0.6820
Chart pattern gives bullish signals for the day .Trading range is expected between 0.6840-0.6960 levels .Stochastic is seen trending up giving indication of a bullish consolidation for the day
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