© Dukascopy Bank SA
- Royal Bank of Canada (based on Bloomberg)
Pair's Outlook
AUD/USD is currently probing the support at 1.0476/52 after nose-diving from the local peak at 1.0588/59. The currency pair is still regarded capable of sliding even lower, while preserving its bearish momentum, towards the 200-day SMA. However, we should be aware of the fact that some of the technical studies stay strongly bullish, meaning that the dip can turn out to be short-lived.
Traders' Sentiment
The shares of long positions opened on AUD in the whole SWFX market and on AUD/USD in particular are the same—26%, since the Aussie is among the least frequently acquired currencies. As for the orders, there is almost no difference between the portions of buy and sell orders, which constitute 49% and 51% of the total amount, accordingly.
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