© Dukascopy Bank SA
- Moody's Analytics (based on CNBC)
Pair's Outlook
AUD/USD realised its downside risk after surprising with a strong rally yesterday. Now the pair is headed to 0.9054/29, the path toward which is not obstructed by any notable support level. Afterwards the decline could be extended even lower, down to the weekly S2 at 0.8967 or monthly S1 at 0.8905, as suggested by the daily and weekly technical indicators.
Traders' Sentiment
SWFX marketplace is getting crowded with Aussie-bulls, who at the moment constitute 75% of the total amount of traders, up by four percentage points from the yesterday's figure. In the meantime, 44% of orders placed on AUD/USD are to buy and 56% are to sell the Australian currency.
© Dukascopy Bank SA