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- the BOA Assistant Governor (based on Bloomberg)
Pair's Outlook
The Aussie slipped, after testing the 0.88 level today. Although, at the same time the AUD/USD cross managed to keep its positions above the major level at 0.87. The technical studies are still putting the pair under a bearish pressure that could possibly send the pair below the previously mentioned major level and towards this year's low at 0.8643. At the same time realistic scenario is that the pair forms another attack towards the 0.88 mark.
Traders' Sentiment
The sentiment towards AUD/USD stays strongly bullish, with 71% of the SWFX market participants expecting the pair to advance. At the same time the gap between the buy (58%) and sell (42%) orders has changed considerably.
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