© Dukascopy Bank SA
"So if we see better than expected numbers, all of a sudden some of the bearishness we've seen in the US dollar in the last week or so may be unwound and that'll push the Aussie back towards the US95c level."
- Easy Forex (based on The Australian)
Pair's Outlook
Pair received a bullish impetus from the 200-day SMA and is aiming at June high at the moment. However, we don't think the pair will manage to do that easily from the first time. Weekly R1 at 0.975 could cause some bearishness as well. In case of a failure we don't see the pair dipping below the 95 cent mark.
Traders' Sentiment
Aussie is the most or one of the most bought major currencies for no less than a month already. In line with this bulls are maintaining their grip at the market. At the moment they account for 63%, 2% more than yesterday, of market participants. Bullish of pending orders increased by 3% and is at 61% gauge.
© Dukascopy Bank SA