© Dukascopy Bank SA
"When you listen to the likes of Bernanke and other major monetary officials, when they go out on a limb and make a very committed statement related to a currency, they are really going to do what they can to make that happen. When Glenn Stevens is saying 'I really want the AUD to depreciate,' I think Australian investors should be paying attention to that."
- Motley Fool (based on CNBC)
Pair's Outlook
Pair has reached the lowest level this year a few days ago and seems to be recovering now. At the moment it is aiming at monthly S1 at 0.8930. If the pair peaks above it, that would put 90 cent mark on the map. This level, however, should not give up easily. In case of a failure at any of these levels the pair should fall till new, year 2013, low, which should stall the pair at least for the short term.
Traders' Sentiment
Bulls continue to dominate they continue to account for 74% of all traders. Pressure on them , however is increasing, as bearish side of pending orders expanded by 9% since yesterday and is at 82% level today.
© Dukascopy Bank SA