© Dukascopy Bank SA
- Brown Brothers Harriman (based on CNBC)
Pair's Outlook
Last week the pair declined slightly and in the previous three trading days currency pair's trading range has remained basically unchanged. At the moment it is trading just above the 20-day SMA at 0.9321; moreover, it looks like a solid support level. Taking that into account we think that a appreciation could be expected and the Aussie might try to climb closer to weekly PP at 0.9359.
Traders' Sentiment
Today there are relatively more people than on Friday considering that the Aussie is going to appreciate against the greenback—34%. The distribution between the buy and sell orders is quite stable—55% and 45% respectively.
© Dukascopy Bank SA