© Dukascopy Bank SA
"The initial market reaction to the agreement is positive, but we await further details to see if it's a sustainable solution. At the margin, this is good news for higher-yielding currencies such as the Aussie and kiwi.''
- Standard Chartered Plc. (based on Bloomberg)
Pair's Outlook
Today a slight movement downwards occurred, and at the particular moment the AUD/USD currency couple is slowly moving towards the weekly PP at 1.042. If it is broken, then 20-day SMA will probably bring some bullish impulse. Additionally, the indicator outlook is neutral, and it is not expected to change in the nearest future.
Traders' Sentiment
Traders pessimism about the potential strength of the Aussie has increased, as now 74% of traders hold short positions, expecting that a significant bearish reaction will take place in the nearest future. The situation with orders remains neutral, since 45% of traders ordered to buy and 55% ordered to sell the Australian Dollar.
© Dukascopy Bank SA