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"The unemployment rate is really key here, and the employment growth figure was solid as well, clearly the Australian dollar has benefited from that"
- Royal Bank of Scotland Group Plc. (based on Bloomberg)
Pair's Outlook
Yesterday pair's advance stopped near the major level at 0.94; although, today its appreciation was prolonged and the pair set new this year's high at 0.9460. Even though the pair continued its climb very bravely, it was stopped near 0.9550 level and pushed below weekly R3 and monthly R1 at 0.9430/12. Daily and weekly technical indicators are sending mixed signals; however, monthly indicators suggest pair's decline.
Traders' Sentiment
The bullish sentiment among SWFX market participants towards AUD/USD has increased to 35%. Bullish side of pending orders, however, contracted significantly and reached 46% today.
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