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- Easy Forex (based on the Australian)
Pair's Outlook
The Aussie successfully rebounded above the 0.94 mark, after receiving a bullish impetus from the 20-day SMA at 0.9390. The next target for the pair's bulls is to breach the weekly PP at 0.9412 and strengthen its positions above it with a close. Nonetheless, in the longer haul we expect the Aussie to underperform against the U.S. currency. The technical indicators accept this scenario as the monthly indicators point to the south.
Traders' Sentiment
The sentiment towards the currency pair remains the same as at the last trading session (67% of the SWFX traders are bearish). The difference between the buy (48%) and sell (52%) orders placed 100 pips from the spot is insignificant for now.
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