© Dukascopy Bank SA
- Bank of Tokyo-Mitsubishi UFJ Ltd. (based on Bloomberg)
Pair's Outlook
It seems that the monthly PP at 0.9368 was too significant obstacle to surpass. Moreover, this level not only halted the decline but also gave a bullish impetus to the Aussie and it approached the 0.94 mark. The technical studies do not provide with a clear outlook; therefore, they should not determine much. However, the more important driver could be whether the pair holds its positions above the 0.94 level.
Traders' Sentiment
The distribution between the proponents and opponents of the Aussie's appreciation relative to the Greenback remains more or less the same as 24 hours ago—59% and 41% accordingly. In the meantime, the share of sell orders fell from 34% down to 25%.
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