© Dukascopy Bank SA
"Last Friday's weak U.S. number was definitely a factor hitting the market. Markets may also be starting to factor expectations for some quantitative easing. People may be watching this Bernanke testimony. There might be some policy response from central banks."
- Credit Suisse Group AG (based on Bloomberg)
Pair's Outlook
The Aussie dollar inched lower today against the US dollar as concerns as the company quarterly operating profits in Australia fell more than expected (-4.0% act./-2.1% est.). If the pair is going to preserve bearish momentum, 0.9662 (November 2011 low; lower Bollinger band) is going to be the first target for bears, with 0.9516 (S2 Weekly) and 0.9445 (Lower support level; 23.60% Fibo) being the next targets.
Traders' Sentiment
There is no change observed in the traders' sentiment on AUD/USD currency pair, as the shares of long and short positions remain the same, being 47 and 53 per cent, accordingly. © Dukascopy Bank SA