© Dukascopy Bank SA
"We're close on both Aussie and kiwi to suggesting tops may be forming."
- Australia & New Zealand Banking Group Ltd (based on Bloomberg)
Pair's Outlook
AUD/USD slipped towards 0.92, this level is important, because it is not only a major level, but also it happens to be weekly PP. If the pair depreciates below this level then that could lead to a selloff and it could touch 200-day SMA at 0.9136. Therefore, as long as the pair trades above 0.92 traders with a bullish outlook are relatively safe and they could expect some appreciation above 0.9250 in a short term.
Traders' Sentiment
The sentiment towards an outlook that the Aussie could gain against the greenback remains below 30% and it has reached 29% today. As for the orders placed 100 pips from the spot, orders set to buy has fallen to 42% from 53% yesterday.
© Dukascopy Bank SA