© Dukascopy Bank SA
- BK Asset Management (based on news.com.au)
Pair's Outlook
After yesterday's more than 50 pips decline the Aussie has regained some of its lost value. Today it approached the weekly PP at 0.9279; however, it did not managed to trade there for long as it dropped back to trade around 0.9260. At the moment it seems that the pair most likely will trade in range from 0.92 to 0.93. The technical indicators are mixed, that also is improving the possibility of sideways movement. In the near term we expect the Aussie to touch the major level at 0.92.
Traders' Sentiment
The sentiment towards the Aussie is basically neutral with 51% of the SWFX traders being bullish. In the meantime, the share of sell orders grew rather significantly from 50% up to 73%.
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