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- Marc Chandler (based on investing.com)
Pair's Outlook
The Aussie is appreciating against the US Dollar on Thursday after suffering minor losses on Wednesday. The pair moved from an opening of Thursday's session at 0.7590 to 0.7618 by 11:00 GMT. On its way upward the currency exchange rate faces no resistance up to the level of 0.7670, where the first weekly resistance is located at. Daily aggregate technical indicators support the surge, as they forecast a rise not only for today but also on a weekly timeframe.
Traders' Sentiment
There are 73% of traders being short the Aussie, whereas 72% of all pending orders are to acquire the Antipodean currency.
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