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- Westpac Banking Corp. (based on (Bloomberg)
Pair's Outlook
Pair seems to have successfully managed to advance above 94 cent mark. This puts September high at 0.952 on the map. If the pair returns below 94 cents, we should pay close attention to the 0.929. If the pair dips below it, we could expect it to trail to 90 cents where median expectation of major market participants is located. Speaking about September high, we don't see it being breached just now. Pair should need some time for that.
Traders' Sentiment
At the moment, aussie is the most bought major currency across the board, greenback is slightly behind it. Market sentiment remain pretty much stable. Bulls continue to hold significant majority of open positions. At the moment they account for 67% of market participants. It is very important that bullish side of pending order increased by 9% and is at 70% gauge.
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