© Dukascopy Bank SA
"What the Fed has done is sufficient to keep the U.S. dollar weak and probably trending weaker in the near term. While that is the case, then obviously you would expect that the Aussie and kiwi dollar will both remain very well supported near or even above these current levels."
-National Australia Bank (based on Bloomberg)
Pair's Outlook
Pair is trying to reach new high as it is testing August high at 1.0612. In the next few days se should see a bearish correction as later level should provide strong resistance for the pair. After that pairs momentum should kick it up to above 1.065.
Traders' Sentiment
Bearishness on the pair is gaining upper hand—at the moment 68% of traders hold short positions on the pair. 57% of all pending orders on the pair are sell orders suggesting we should not see any major changes in the near future.
© Dukascopy Bank SA