Note: This section contains information in English only."The [US] dollar is likely to stay on a firm footing into the Friday payrolls report, but we'll need to see a solid set of numbers for gains to be sustained beyond that."
– TD Securities (based on Bloomberg)
Pair's Outlook
[ANNOUNCE]The Australian Dollar experienced a harsh sell-off on Tuesday, with volatility even reaching the 100-day SMA at 0.75.[/ANNOUNCE] Even though the AUD/USD currency pair closed trade at 0.7513 and the 100-day SMA remains a strong support, risks of the 0.75 mark getting breached today persist. On the other hand, sufficient demand, formed by the 100-day SMA, could also cause the Aussie to undergo a corrective rally. However, this rally is unlikely to negate all losses that occurred on Tuesday. Meanwhile, technical studies' signals turned neutral, opposed to bearish yesterday, suggesting that a rebound is quite possible.
Traders' Sentiment
For the first time in more than two months market sentiment turned bullish, with 53% of all open positions now long. The number of purchase orders also improved, having risen from 48 to 59%.
Wed, 31 Aug 2016 13:34:04 GMT
Source: Dukascopy Bank SA
– TD Securities (based on Bloomberg)
Pair's Outlook
[ANNOUNCE]The Australian Dollar experienced a harsh sell-off on Tuesday, with volatility even reaching the 100-day SMA at 0.75.[/ANNOUNCE] Even though the AUD/USD currency pair closed trade at 0.7513 and the 100-day SMA remains a strong support, risks of the 0.75 mark getting breached today persist. On the other hand, sufficient demand, formed by the 100-day SMA, could also cause the Aussie to undergo a corrective rally. However, this rally is unlikely to negate all losses that occurred on Tuesday. Meanwhile, technical studies' signals turned neutral, opposed to bearish yesterday, suggesting that a rebound is quite possible.
Traders' Sentiment
For the first time in more than two months market sentiment turned bullish, with 53% of all open positions now long. The number of purchase orders also improved, having risen from 48 to 59%.