© Dukascopy Bank SA
- Royal Bank of Scotland Group Plc. (based on Bloomberg)
Pair's Outlook
The pair's bulls have managed to push the pair towards the major level and weekly PP at 0.8800/05, after almost reaching this year's high yesterday. The bullish traders have managed to change the bearish trend that we witnessed in the second part of September, despite the daily and monthly technical indicators being to the downside. The Aussie has to appreciate and to consolidate above the 0.88 mark, highlighting the pair's bullishness.
Traders' Sentiment
As evidenced by the SWFX traders' sentiment, about seven out of ten traders believe that the U.S. Dollar is going to appreciate relative to the Franc. In the meantime, the portion of buy orders skyrocketed, from 22% to 77%.
© Dukascopy Bank SA