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- RBC Capital Markets (based on MarketWatch)
Pair's Outlook
The currency pair carries on grinding lower, it has already fallen down to 0.9054, but neither this support level nor the subsequent ones, those at 0.8905, 0.8822 and 0.8668, are viewed as capable of negating present downward impetus. The most likely point where AUD/USD may reverse its course is at 0.8568, a level that played a notable role back in 2010.
Traders' Sentiment
The extensive two-day debasement of the Aussie discouraged a small portion of the bullish traders. Now the share of long positions amounts to 70%, it was 75% yesterday. This did not affect the overall popularity of the currency among the market participants, it is still one of the most frequently acquired, in 70% of cases.
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