Australian Dollar suffered severely as the sentiment changed and US stocks tanked. The recovery in recent weeks has been impressive but the pair gave up over 4% overnight. NAB Business Confidence fell to a record low of -32 in January. Also lower February Consumer Confidence down -4.6%. With R1: 0. 6680,R2: 0.6690 and S1:0.6480, S2: 0.6450.Chart pattern signals sideways to bullish note for the day .Trading range is expected between 0.6490 - 0.6650 levels Stochastic and momentum are seen trending down giving clues for slight downward correction but parabolic is supporting the bull note and Aussie is trading between the fast and slow moving average.
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