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Bullish Aussie stuck in Psychological Level 0.7200 - 0.7200 psychological level curb the strengthening of the Australian dollar today, the ability to move consistently above that area would bring the price rise towards 0.7260 area. Conversely if it continues to move below 0.7200, the aussie is likely to be corrected see the stochastic indicator is in overbought territory and started to move down. The nearest support is around 0.7165, the next target 0.7105 if it is able to pass through the support.
Attention today focused on Fed interest rate decision and the US economic outlook and interest rates in the future. Previous US economic data would be a significant driving force.
Attention today focused on Fed interest rate decision and the US economic outlook and interest rates in the future. Previous US economic data would be a significant driving force.
