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- ANZ (based on WBP Online)
Pair's Outlook
This time the 55-day SMA provided enough impetus for the AUD/USD currency pair to pierce the immediate resistance. However, the Aussie failed to remain above the 0.72 level, as was expected, but might retake it today. The 20-day SMA is the nearest obstacle, limiting the Antipodean currency's volatility, while the 100-day one is the ceiling, as it is bolstered by the down-trend. From below the pair is supported by the 55-day SMA, the weekly and monthly PPs, a breach of which could trigger a slump towards 0.7080, where the Bollinger band coincides with the up-trend.
Traders' Sentiment
Bullish traders' sentiment remains unchanged at 70%, while the percentage of buy orders fell to a more than a one-year low of 17%.
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