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- BBH (based on FXStreet)
Pair's Outlook
The Australian Dollar rebounded from the monthly S1 on Thursday, amid a lot better-than-expected employment change data. The nearest support was easily breached, allowing the AUD/USD to reach the cluster near the psychological level of 0.71. The given cluster is likely to cause the Aussie to bounce back. The support around 0.70 will doubtfully limit any losses if reached, as it failed to do so through all of the week. Nonetheless, the Antipodean currency is expected to slightly shift to the downside, unless the US fundamentals disappoint significantly.
Traders' Sentiment
The same number of traders remain long the Aussie, namely 72%. The portion of orders to buy the AU Dollar edged up from 20 to 38%.
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