© Dukascopy Bank SA
- RBC (based on Bloomberg)
Pair's Outlook
This is the first day in more than a week, when the Australian Dollar could gain versus the US Dollar. However, the poorly performing Aussie still has not stabilised its positions relative to the US peer. We are more or less confident that the pair is heading towards the 0.80 mark and so are the daily and weekly technical studies that continuously are pointing to the downside. Although, potentially the monthly S2 and weekly S1 at 0.8280/42 could slow-down the current down-trend.
Traders' Sentiment
The portion of bulls lost three percentage points, but still an overwhelming majority of traders expect a rebound of the Aussie, specifically 71% of them.
© Dukascopy Bank SA