© Dukascopy Bank SA
Pair's Outlook
AUD/USD has managed to break the major level at 0.93, proving that the Australian currency has not lost its strength. We expect the pair to appreciate towards the 20 and 100-day SMAs, as the pair confirmed its bullish ambitions with a close above the 0.93 mark yesterday. Meanwhile, the majority of the daily and monthly technical studies are bearish and that could discourage some of the traders, but for now the Aussie remains bullish.
Traders' Sentiment
The recent advance has scared away reasonable part of the traders, as the bullish sentiment fell from strongly bullish (67%) to almost neutral (52%). The distribution between the buy and sell orders is quite stable—41% and 59% respectively.
© Dukascopy Bank SA