© Dukascopy Bank SA
- BK Asset Management (based on CNBC)
Pair's Outlook
Despite the currency couple closing above 0.9110 and approaching 0.9216/0.9184, the daily technical indicators have become slightly more bearish than before on a daily time-frame. The current surge may extend above the latter zone, but briefly, since we expect AUD/USD to be capped by 0.9401/0.9387 and attracted to 0.8568 in the medium term.
Traders' Sentiment
Given the latest behaviour of AUD/USD, 72% of SWFX marketplace participants are in a favourable position, since they stay long on the pair, although it will take more time to confirm veracity of their expectations with respect to the pair's outlook. Regarding the distribution between the buy and sell orders, the latter are in majority—57%.
© Dukascopy Bank SA