© Dukascopy Bank SA
- FXCM Market (based on the Australian)
Pair's Outlook
The Aussie has little changed through last couple of days, it still is seeking for a catalyst. At the moment the pair is trading between 0.9360 and 0.9380, we expect the pair to slide towards the 20-day SMA at 0.9311. However, if the pair manages to break the major level at 0.94 and to close above it then a advance towards the 2014 high is possible. In longer run Australia's currency could drop beneath the 55-day SMA at 0.9251.
Traders' Sentiment
At the moment of writing 58% of the SWFX market participants are expecting the Australia currency to lose value against the greenback. Concerning the buy and sell commands placed, their numbers are completely identical at the moment.
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