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- RBC Capital Markets (based on MarketWatch)
Pair's Outlook
Once AUD/USD reached 0.9321 (topical level in 2009 and 2010), the bears decided to act and pushed the price down to the 100-day SMA, though it is still unknown where the rate is going to settle eventually. In the longer perspective, there is a good chance the pair might move lower—according to the forecasts, the price should descend to 0.91 until the end of the third quarter.
Traders' Sentiment
Although AUD/USD has been behaving quite hectically lately, the portion of the bulls in the market remains unchanged—67%, indicating that most of the traders reckon the pair still retains the upward momentum. As for the orders, 61% of them are to acquire the Aussie and the rest are to sell it.
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