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- MUFG Union Bank (based on Reuters)
Pair's Outlook
The AUD/USD pair have not moved too far from the last day close. Generally, the US Dollar took all the previous losses by appreciating for 41 pips, the exact hight of the previous candle. Almost all of the indicators signalize for the pair's depreciation sooner or later. So far, there were not any major changes seen for the start of the new month.
Traders' Sentiment
The market have not lost any participants and the sentiment appears to be bullish with 63% of buying positions. 34% of traders hold their 50– pip pending orders long and the 100– pip ones are mostly bought too, with 40% of the case.
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