© Dukascopy Bank SA
"The jobs numbers [for Australia] were much weaker than expected. That's bearish for the Aussie dollar."
- Royal Bank of Canada (based on Bloomberg)
Pair's Outlook
AUD/USD dived lower today, wiping previous weekly gains and currently the currency couple is hovering a few pips above an initial resistance line at 1.0162 (100-day SMA). A breakout here would expose resistance levels at 1.0083 (S2 Weekly) and 0.9988 (55-day SMA; S3 Weekly), accordingly.
Traders' Sentiment
The gap between longs and shorts has widened with 57% of long and 43% of short positions. However, the sentiment was not altered to a large extent, and it remains bullish. 68% of currency traders expect the pair to trade in the bullish trend further.
© Dukascopy Bank SA