© Dukascopy Bank SA
- OANDA (based on the Australian)
Pair's Outlook
After failure to surpass the 0.88 level yesterday, the AUD/USD currency pair has started to fall. At the moment, the 0.87 level has halted the current decline; moreover, we anticipate that the pair will not slide considerably lower. Nonetheless, if the pair slips below the 0.87 mark then most likely we will see a new this year's low. At the same time, in our view the pair is likelier to target the 0.88 level in the short-term.
Traders' Sentiment
More than 70% of the SWFX market participants believe that the Australian Dollar is going to outperform the Japanese Yen. And this number could go up, as 59% of orders are placed to purchase the Aussie.
© Dukascopy Bank SA