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"We're encouraging the speculative flows because we have, by any international standards, very high real interest rates, so people can get a real interest rate return."
- Arrium (based on The Australian)
Pair's Outlook
AUD/USD advancement was stopped at 1.0386. Technical indicators show that pairs downside risk persists and it is likely that 55 day SMA should have enough power to push pair closer or even below 200 day SMA at 1.034.
Traders' Sentiment
After three weeks of bearishness, market sentiment is bullish for almost a week now. Amount of traders holding long positions remains around the same, 54%, mark since Thursday. In addition, 55% of all pending orders are buy orders.
© Dukascopy Bank SA