© Dukascopy Bank SA
– based on Forex Crunch
Pair's Outlook
The Aussie remained almost unchanged against the US Dollar on Friday, as the exchange rate lost nine pips during the session. During the first half of Monday's trading session the currency exchange rate had erased these losses and was trading at 0.7634 by 11:15 GMT. However, the pair was more volatile to the downside, as the rate had almost touched the weekly PP at 0.7593. Daily aggregate technical indicators forecast a surge for the pair today. In addition, newly calculated, weekly aggregate technical indicators forecast a surge for the pair during this week.
Traders' Sentiment
There are 73% of traders being short the Aussie, whereas 71% of all pending orders are to acquire the Antipodean currency.
© Dukascopy Bank SA