© Image watermark
- Crescent Communities (based on Bloomberg)
Pair's Outlook
The AUD/USD declined first before breaking through the weekly S1 at 0.809. The daily high is likely to be set at 0.813 and the lowest point is positioned below the May 2010 low, at 0.806. The pair continues to trade within the neutral RSI area. Overall, tha market was not hugely volatile today and the cross fluctuated about 80 pips. The 55– 100– and 200– day SMA's are pointing to the north.
Traders' Sentiment
In conclusion of some indicators mentioned below, the sentiment for daily period changed from bearish to neutral. 72% of market participants are long and 50– pip pending orders will be bought by 47% of traders.
© Image watermark