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"That export figure was higher than the market was expecting and I think that reinforces the Reserve Bank of Australia's view that they don't need to ease the cash rate any further."
- Forex.com (based on Business Spectator)
Pair's Outlook
It seems aussie is not willing to give up as it approaches 90 cent mark. Some short term bearishness should be expected there, but overall trend should remain upwards. The real question is what might happen at 2014 high at 0.9086. At the moment it seems the pair should consolidate slightly ahead of it, but attempt to advance above 91 cent mark some time next week.
Traders' Sentiment
Bullish side of open positions contracted by 6%, but remains at significant 64% level. Bears, however, continue to apply pressure on the bulls as today 80% (+/- 2%) of pending orders are sent to go short on the pair.
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