Australian Dollar tracked the Euro higher in a move that has recently seen the AUD dubbed the ‘fast Euro’. Selling interest above 0.6700 proved strong headwind the pair slumped back to low 0.66 after the FOMC statement. With R1: 0. 6700 and R2: 0.6710 ,S1:0.6510 and S2: 0.6500
Chart pattern signals bearish note for the day .Trading range is expected between 0.6520-0.6680 levels Stochastic and momentum are seen trending down giving bearish signals .Currency is trading on the moving average but parabolic is giving a caution as it is supporting small bullish correction.
Chart pattern signals bearish note for the day .Trading range is expected between 0.6520-0.6680 levels Stochastic and momentum are seen trending down giving bearish signals .Currency is trading on the moving average but parabolic is giving a caution as it is supporting small bullish correction.
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