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- BNP Paribas SA (based on Bloomberg)
Pair's Outlook
The AUD/USD flew 71 pips higher today, entering the neutral RSI territory. Apparently, the 2010 year low level at 0.807 appeared difficult to surpass as the trades are closing above since 4 January. Generally, the whole week was rather positive for the Aussie as it succeeded to gain previous losses. On the 4– hour chart, the trades are happening above the 100– and 55– SMA's.
Traders' Sentiment
Some of the market participants closed their long opened positions for weekends. Meanwhile, 25% of traders expect the pair to appreciate at least 50– pips higher, with 32% of others who think the cross will gain 100– pips.
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