© Dukascopy Bank SA
- Ben Bernanke, Fed Chairman (based on MarketWatch)
Pair's Outlook
The support at 0.9150/29 is keeping the Australian Dollar buoyant, but until now did not trigger a robust rally. It is reasonable to expect bullish reaction, considering that the upper boundary of the channel down has been violated recently and the currency pair returned to the level where the trend-line was breached. Therefore the most likely first goal AUD/USD will pursue is the resistance at 0.9283/61.
Traders' Sentiment
Preferences of the market participants have not been subject to change lately. An overwhelming majority (74%) are still anticipating appreciation of the Aussie relative to its U.S. counterpart. Concerning orders, the difference between the buy and the sell ones is just nominal—2% in favour of the former.
© Dukascopy Bank SA