© Dukascopy Bank SA
- BK Asset Management (based on Sydney Morning Herald)
Pair's Outlook
Lately the pair has not offered much volatility, after the Aussie declined below the major level and weekly PP at 0.9300 on April 23. Our expectations is that the major level at 0.9250 will not hold the pair much longer, thus the pair could slide towards the 55-day and 200-day SMAs at 0.9183/65. However, at the same time pair's bulls might push Australia's currency higher since it has not weakened beneath the major level at 0.9250 for six trading days already.
Traders' Sentiment
The sentiment towards AUD/USD decreased to the lowest level in nine days—31% respectively. Concerning the orders placed 100 pips from the spot, there are now significantly more commands to buy—69% after yesterday's 28%.
© Dukascopy Bank SA