© Dukascopy Bank SA
"You should see some Aussie dollar strength, just due to the fact that we've got a new dovish US Federal Reserve nomination with Janet Yellen, US jobless claims last night were weaker than expected and there will have been some dent to confidence in the US from the government shutdown so far.''
- ANZ (based on The Australian)
Pair's Outlook
Pair is continuing to demonstrate mildly bullish attitude, but remains capped by the resistance at 95 cents. Taking in to account the length of such trend, the pair should advance above the 0.957 in order to uplift most of this pressure. However, if it prevail, and 94 cents wont provide strong enough support the pair should trail to 0.929.
Traders' Sentiment
Aussie and greenback at the moment are the most bought major currencies across the board. However, since aussie is more preferred as we get a market sentiment which is moderately bullish (62%). Pending orders remain at 65% being set to go long on the pair.
© Dukascopy Bank SA