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Supports: 1.1545; 1.1487; 1.1460
Outlook
Yesterday's movement downwards was stopped today, and now a slight bullish reaction takes place. At the moment, the EUR/AUD currency couple is slowly approaching the lower Bollinger band at 1.1657, which might bring some bearish impetus, however, if it fails reverse the tendency, then next resistance at 1.1416 (weekly PP) might probably stop the bullish reaction. Moreover, RSI indicator remains neutral, and present supports are at 1.1545, 1.1487 and 1.1460, and they seem to be secure for now.
Traders' sentiment
SWFX market participants remains almost completely neutral about the EUR/AUD currency pair, as 51% of traders hold long positions and 49% of traders hold short positions. The distributions of orders, however, shows expectations of the bearish market, since 32% of traders ordered to buy and 68% ordered to sell the single European currency.