Note: This section contains information in English only."The negativity toward the US dollar is offsetting the rate cut in Australia."
– Marc Chandler (based on investing.com)
Pair's Outlook
[ANNOUNCE]The Aussie lost half of its previous Friday gains against the Greenback on Monday. However, the currency exchange rate has been highly volatile during Tuesday's session[/ANNOUNCE], as at one moment it was at the level of 0.7493, where it met with the 100-day SMA and rebounded, and later by 11:45 GMT the pair traded at 0.7582. As the daily aggregate technical indicators forecast a surge for the pair today, and it faces no resistance up to the first weekly support level at 0.7670.
Traders' Sentiment
There are 73% of traders being short the Aussie, whereas 81% of all pending orders are to acquire the Antipodean currency.
Tue, 02 Aug 2016 13:11:04 GMT
Source: Dukascopy Bank SA
– Marc Chandler (based on investing.com)
Pair's Outlook
[ANNOUNCE]The Aussie lost half of its previous Friday gains against the Greenback on Monday. However, the currency exchange rate has been highly volatile during Tuesday's session[/ANNOUNCE], as at one moment it was at the level of 0.7493, where it met with the 100-day SMA and rebounded, and later by 11:45 GMT the pair traded at 0.7582. As the daily aggregate technical indicators forecast a surge for the pair today, and it faces no resistance up to the first weekly support level at 0.7670.
Traders' Sentiment
There are 73% of traders being short the Aussie, whereas 81% of all pending orders are to acquire the Antipodean currency.