© Dukascopy Bank SA
- BNP Paribas (based on MarketWatch)
Pair's Outlook
AUD/USD has managed to surpass 1.0343/36 yesterday, with a daily high posted close to the resistance formed by the 20 and 200-day SMAs. Nevertheless, the rally seems to be exhausted, having little upside potential left (up to 1.0392/86). The medium-term target is considered to be 1.0141/12, where the currency pair could commence a robust recovery.Traders' Sentiment
The Australian Dollar is gradually losing its popularity relatively to its major counterparts. Right now 38% of positions are long on the Aussie, taking into account all the currency pairs with it. Specifically in AUD/USD, the ratio between the bulls and bears is 36% to 64% respectively, while among the pending orders 58% are commands to buy.
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