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- RBC Capital Markets (based on CNBC)
Pair's Outlook
AUD/USD stopped ahead of the resistance formed by the upper Bollinger band a 0.9296. Now the price is headed en route to the support at 0.9182/59, the current disposition of the 20-day SMA and the weekly PP. This area, together with the down-trend support line, should keep the rate buoyant, although at the same time it is likely to be capped by 0.9387 from above.
Traders' Sentiment
The portion of bullish towards AUD/USD SWFX marketplace participants has lost three percentage points since yesterday and is now 71%, but the advantage over bears, who take up merely 29% of the market, remains substantial. The distribution among the buy and sell orders is accordingly 47% to 53%.
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