© Dukascopy Bank SA
"The Aussie dollar has been far from closely resembling the fundamentals for quite some time. The market seems to be playing a little bit of catch-up."
-Gavin Stacey, Barclays Plc. 9based on Bloomberg Businessweek)
Pair's Outlook
Aussie gained today and as pair's outlook is mildly positive and the stochastic indictor sends buy it is likely that pair has reached turning point and should advance above 200 day SMA in ne trading week.
Traders' Sentiment
Bearish sentiment persists for the third week, and is at the same, 52%, mark as yesterday. Amount of pending sell orders increased by 7% and reached 61% gauge today indicating that more traders expect recovery of the pair in the near future.
© Dukascopy Bank SA