© Dukascopy Bank SA
- NAB (based on the Australian)
Pair's Outlook
AUD/USD is currently hovering above the 0.81 level; although, it has not changed almost at all since the drop on Wednesday. We do not expect much of a fluctuation for the rest of the year; although, there is a possibility of the Aussie falling below this year's low at 0.8108. Now, the technical indicators are also mostly neutral, suggesting that there is a relatively high possibility of a consolidation around the current trading levels.
Traders' Sentiment
A considerable majority of traders stay optimistic with respect to the single Australian currency. Right now as many as 70% of them expect it to gain value against the U.S. Dollar. In the meantime, the share of buy orders grew from 37% up to 47%.
© Dukascopy Bank SA