© Dukascopy Bank SA
- Morgan Stanley (based on Bloomberg)
Pair's Outlook
Even though the Aussie fell to the lowest level since March the current decline has been halted at the 0.90 level for now, as the pair successfully rebounded above the major level. Most likely the pair will continue to trade around the current level, before moving to either side. Also, the daily and weekly technical indicators are neutral, thus suggesting that a sideways trend around 0.90 mark could come into play.
Traders' Sentiment
Almost 60% of the SWFX market participants believe that the Australian Dollar is going to outperform the U.S. Dollar. However, this number could go down, as only 41% of orders are placed to purchase the greenback.
© Dukascopy Bank SA