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- Bank of Tokyo-Mitsubishi (based on WBP Online)
Pair's Outlook
The Australian Dollar appreciated against its US counterpart, as the RBA left rates unchanged again. The AUD/USD slightly overperformed, as trade closed at 0.7164, rather than the expected 0.7150 level. Even though the Aussie opened in front of the weekly R2 and 55-day SMA resistance cluster, the bullish momentum is likely to prevail, despite bearish technical indicators. The second closest resistance rests around 0.7230, but the 0.72 major level could also be hard to retake, as it kept the given pair from rising higher for more than a month now.
Traders' Sentiment
Bullish traders' sentiment remains unchanged at 63%, whereas the portion orders to sell the Aussie added 1% point to 63%.
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