© Dukascopy Bank SA
- Stanley Druckenmiller (based on Bloomberg)
Pair's Outlook
Today the Aussie gained value in the first half of morning trading session on positive labour market data in Australia. The pair peaked at 1.0254, but bearish sentiments pushed the price back. Currently AUD/USD is traded at the Bollinger band at 1.0178 and it is very likely that the pair will gradually depreciate along the line towards the weekly S2 level at 1.0104.
Traders' Sentiment
The sell side surged by 1% to 62% since yesterday, as the spot price was increased for a few hours. Investors estimate the value of the pair as too high and bet on a drop. Placed orders market is close to an equilibrium, as 51% of orders are buy and 49% are sell.
© Dukascopy Bank SA