© Dukascopy Bank SA
- Royal bank of Canada (based on Bloomberg)
Pair's Outlook
The Aussie is under strong bearish sentiments, as this currency pair is considered as a risky asset and investors are currently quickly leaving such type of securities. The pair opened at 1.0509 and has already dropped to 1.0396, where it was stopped by the 100-day SMA. Deliberating further depreciation, the 200-day SMA at 1.0351 is very important, as it might form a substantial support with the 100-day SMA and ease bearish sentiments or even push the price upwards, to the 20-day SMA at 1.0448.
Traders' Sentiment
SWFX market data indicate no changes in investors' positions and sentiments, as the sell side remains in the lead with the vast majority of orders - 73%. Waiting orders segment is under bullish pressure, since 61% of orders are short.
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