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"Chairman Bernanke is not likely to give an indication that further easing is imminent. That added to negative earnings surprises in the U.S. may weigh on risk sentiment in the near term, boosting the [U.S. dollar] more broadly."
- Barclays (based on MarketWatch)Pair's Outlook
The Australian dollar slides against the greenback on Monday trading and for now, the pair manages to maintain an upbeat trend. In case pair fails to breach and close above 200-day simple moving average (1.0284), investors might face next resistance levels at 1.0350 (Upper Bollinger band) and 1.0385 (38.20% Fibo; R2 Weekly), respectively.
Traders' Sentiment
Allocation of pending long and short positions on AUD/USD suggests that a slight majority of investors (59%) are bullish on the pair while 41% of traders are short on the pair. Presently, however, the largest share of the market participants (56%) foresee a rise of the Aussie Dollar over the US dollar.
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