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- Bank of Tokyo-Mitsubishi (based on WBP Online)
Pair's Outlook
The AUD/USD failed to return under the down-trend yesterday and remained relatively unchanged over the day. Even though technical studies keep giving bullish signs today, the pair will doubtfully rebound. The a lot worse-than-expected Private Capital Expenditures earlier today set a bearish mood for the Aussie, with no signs of the bullish momentum being regained. The 100-day SMA is the nearest support level at 0.7202, but trade is still likely to close above the down-trend.
Traders' Sentiment
Bullish traders' sentiment returned to its Monday's level of 71%, compared to 72% yesterday. The portion of orders to buy the Aussie added 12% points. The commands now take up 54% of the market.
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