AUD/USD declines from the previous high

Source: Dukascopy Bank SA
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"Widening credit spreads in general and the continued plunge in oil prices are inducing people to want to take more short positions in EMB."
 - CRT Capital Group LLC (based on Bloomberg)


Pair's Outlook
Friday trades pressured the AUD/USD lower from the previous day close at 0.822. The market volume was rather mild today and the pairs' volatility was limited within 89 pips. This week, the traders were generally seen between the monthly PP at 0.8269 and the strong weekly PP at 0.814.

Traders' Sentiment
4% of long opened positions were closed on Friday. The 50– pip pending orders are still opened long for half of the market participants. The 100– pip orders are placed to be long for 48% of traders, 10% more from the last update.

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