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- Westpac (based on the Sydney Morning Herald)
Pair's Outlook
The Aussie slid slightly, after yesterday's advance when it breached the 20-day SMA; moreover, the pair traded below this level for 10 straight days. At the moment of writing the pair is supported by the weekly R1 at 0.9326; although, we expect the pair diving beneath this level. If that happens then a decline towards the weekly PP at 0.9264 could follow. The technical indicators are largely mixed and they do not give clear signals.
Traders' Sentiment
The sentiment towards AUD/USD improved and the number of bullish and bearish traders is identical at the moment. In the meantime, the share of buy orders grew significantly from 53% up to 84%.
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