© Dukascopy Bank SA
- CMC Markets (based on Bloomberg)
Pair's Outlook
The Aussie has lost all of the yesterday's gains and is trading around the major level at 0.9335 at the moment of writing. In case the pair dives beneath the 0.93 mark then we might see a sell-off and AUD/USD could drop towards the monthly S1 at 0.9219. The longer term technical studies are bearish, thus they apply for the scenario where the Greenback outperforms the Australian counterpart. Therefore, the short to medium term target remains around 0.92.
Traders' Sentiment
At the moment of writing 52% of the SWFX market participants are expecting the Australian currency to lose value relative to the U.S peer. The gap between the buy (56%) and sell (44%) orders placed 100 pips from the spot is also insignificant for now.
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