© Dukascopy Bank SA
- TD Securities Inc. (based on Bloomberg)
Pair's Outlook
This Aussie underperformed relative to the U.S. counterpart this week and the currency pair is trading slightly above the 0.93 level at the time of writing. Nonetheless, even though there were a downside spikes yesterday and today, the bulls managed to regain the control of the market and pushed AUD/USD above the 0.93 mark. Although, if it slides below this level again and closes there then we expect it to decline towards the weekly S3 at 0.9238.
Traders' Sentiment
The difference between the amounts of long (54%) and short (47%) positions remains negligible, meaning the sentiment is still neutral; moreover, the pair's sentiment is bullish for second straight day. In the meantime, the share of sell orders fell from 76% down to 56%.
© Dukascopy Bank SA