© Dukascopy Bank SA
"The Aussie dollar is doing quite well, in spite of the RBA governor's statement yesterday where he used quite strong rhetoric, what we call jawboning."
- Easy Forex (based on The Sydney Morning Herald)
Pair's Outlook
Managed to overcome the resistance around 95 cents and at the moment is aiming at 20 and 200-day SMA. If the pair advances above it we could see a rally up to 97.05 cents. That would put October high at 0.9758 on the map. In case of an unexpected failure, if the pair dips below 0.9432 it might be sold off till 93 cents.
Traders' Sentiment
Market sentiment remains strongly in favour of the bulls as aussie remains the most acquired major currency across the board. Long traders account for 63% of all traders and 67% of all pending orders are set in their favour as well.
© Dukascopy Bank SA