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- Forex.com (based on the Australian)
Pair's Outlook
The Australian Dollar's movements has been rather ambiguous lately, even though the AUD/USD bulls continue to form attacks towards the 0.88 mark it is not likely to be breached. The weekly and monthly technical indicators are also pointing to the downside, thus suggesting that an advance is not the most likely outcome of the currently sideways trend. To our mind, a few more failures to breach the major level at 0.88 could lead to a sell-off.
Traders' Sentiment
More than 70% of the SWFX market participants believe that the Australian Dollar is going to outperform the US counterpart. And this number could go up, as 60% of orders are placed to purchase the Aussie.
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