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- BlackRock (based on the Australian)
Pair's Outlook
AUD/USD is hovering around the 0.93 level, it seems that the Aussie's decline is halted by the major level, weekly S2 and monthly S1 at 0.93/0.9291. In case the pair slides below these levels then there are no significant support levels until the weekly S3 at 0.9238. However, the shorter term technicals could possibly hold the pair around the current trading levels as they are slightly bullish. Although, if the pair does not fall below the 0.93 level then the pair might consolidate.
Traders' Sentiment
As of today the difference between the amounts of long (53%) and short (47%) positions is negligible, meaning the sentiment is still neutral at the moment.
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