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- R&A Research & Asset Management AG (based on Bloomberg)
Pair's Outlook
Monday showed a significant dive from the previous high where the monthly PP weekly R1 are located at 0.826. The AUD depreciated about 130 pips versus the USD, respecting the 4– hour 100– and 55– day SMA's at 0.813 and rebounding a little from those levels. Currently, the pair fluctuates around the 4– hour weekly PP at 0.8136. The RSI indicates a slight divergence from 16 December 2014.
Traders' Sentiment
The sentiment have not changed a lot since the last update. Yet, the 50– pip long pending orders increased 38%, up from 25% to 69%. Whereas, 100– pip pending orders that are set to buy are up 24% from 32% to 62%.
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