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"The only real guidance that we have is this sort of uncertainty associated with the fiscal cliff, and so that seems to be taking control of the Aussie dollar."
- Barclays Plc. (based on Bloomberg)
Pair's Outlook
Pair tried to return above 55-day SMA, but already lost 30 pips after receiving a bearish impetus from it. As technical indicators do not give clear or conclusive readings, it seems that momentum which most likely kicked in in the end of last week comes in to play and pair is very likely to test the strength of the support of the Bollinger band.Traders' Sentiment
Distribution of holdings between short an long traders is holding stable at 70/30 ratio respectively for some time now, no different is today. Allotment of pending orders does not suggest any changes as they are in perfect equilibrium between long and short traders.
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