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- Miller Tabak & Co LLC (based on Bloomberg)
Pair's Outlook
The AUD/USD rebounded from the previous day close at 0.817 and met the Bollinger band at 0.824. However, the level acted as a strong resistance line and the bearish market participants pressured the pair lower, beliw the 20– day SMA at 0.815. The SMA's have not changed their aim as they are still looking tending to move lower. So far, the Wednesday fall is a follow– up of the third consecutive daily decline.
Traders' Sentiment
71% of opened positions are still on a bullish side. Meanwhile, the 50– pip pending orders are set to be long for 70% of the case and the 100– pip ones will trigger to buy, as 58% of traders are bulls.
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