© Dukascopy Bank SA
- Commonwealth Bank (based on The Sydney Morning Herald)
Pair's Outlook
The Aussie depreciated precipitously in few recent trading sessions—the price breached the resistance at 1.0190. After settling below this level, the price faced a free area without any serious support levels, thus it is probable that the pair will drop to 98.50 or even to 97.00 next week, which are historical supports. Today the Aussie slipped through the monthly S2 at 1.0030 and went towards the monthly S3, which is located only at 0.9840.
Traders' Sentiment
The sell side increased slightly by 1% to a 63% share together with diminishing value of the currency pair. Placed orders segment is oriented for extension of the dip after an upward correction, since 66% of orders are to sell the Australian Dollar.
© Dukascopy Bank SA