Note: This section contains information in English only."The Aussie still looks pretty positive, it's been on an uptrend in the last 48 hours. There's been some equity flows that's supporting it."
— National Australia Bank (based on The Business Times)
Pair's Outlook
[ANNOUNCE]The recent AUD/USD rally was expected to be reversed, but given that the pair managed to breach the immediate resistance yesterday, another positive development could now take place.[/ANNOUNCE] Technical indicators are supporting this possibility, as they are giving bullish signals. The 0.77 major level is unlikely to be an obstacle, but the 0.7720/50 area prevented the Aussie from appreciating on several occasions previously. Moreover, a number of resistance are located within that range, which have the potential to trigger the anticipated U-turn.
Traders' Sentiment
Once again 71% of all open positions are short (previously 73%), while 57% of all pending orders are to acquire the commodity currency, up from 53% on Wednesday.
Thu, 30 Mar 2017 12:54:33 GMT
Source: Dukascopy Bank SA
Pair's Outlook
[ANNOUNCE]The recent AUD/USD rally was expected to be reversed, but given that the pair managed to breach the immediate resistance yesterday, another positive development could now take place.[/ANNOUNCE] Technical indicators are supporting this possibility, as they are giving bullish signals. The 0.77 major level is unlikely to be an obstacle, but the 0.7720/50 area prevented the Aussie from appreciating on several occasions previously. Moreover, a number of resistance are located within that range, which have the potential to trigger the anticipated U-turn.
Traders' Sentiment
Once again 71% of all open positions are short (previously 73%), while 57% of all pending orders are to acquire the commodity currency, up from 53% on Wednesday.