AUD/USD just above weekly S2 at 0.9255

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If there is a big move in the US dollar, and if we do get some traction with US yields and better economic data, the Fed may be a bit more confident over the next month or so - with is the way we are leaning..."."  
- Westpac (based on the Sydney Morning Herald) 

Pair's Outlook 
AUD/USD has extended its yesterday's decline and it is trading above the weekly S2 at 0.9255. To our mind the pair is poised for a further retreat and it might move towards the Bollinger Bands at 0.9224. The technical indicators are sending mixed signals—weekly indicators support an advance, but monthly indicators support a decline. Taking that all into account, we see the pair slipping closer to 55 and 200-day SMAs; however, at that point we might see some consolidation. 

Traders' Sentiment 
A considerable majority of traders stay pessimistic with respect to the Australian currency. Right now as many as 68% of them expect it to lose value against the U.S. Dollar.
© Dukascopy Bank SA
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