© Dukascopy Bank SA
"If the forecasts prove correct we should see the dollar drift toward 92.50 US cents support, and maybe even 92.00 cents on substantially good US jobs data. If we see a howler of a result from the US employment the Aussie could end up testing 93.20 US cents, with a break above here putting it back on track to target 94.50 cents."
- ThinkForex (based on The Australian)
Pair's Outlook
The pair continues to trade around 0.925 which is most likely caused by the resistance coming from the 0.9301/29. If the pair manages to peak above it, we should see it testing weekly R2/monthly R1 in the short to medium term. In case the pair receives a bearish impetus it might fall as low as 91 cent mark dues to the lack of any resistances between there and 0.9192/67 area.
Traders' Sentiment
Bears continue to dominate the market as they continue to hold 69% of all of the open positions. Besides that, long side of pending orders contracted by at least 8% and is at 58 to 61% depending on the range on the current market price.
© Dukascopy Bank SA