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"We are now expecting AUD/USD at the year end at around 97, a continued move below parity.
- Emma Lawson , currency strategist at NAB (based on Dukascopy Expert Commentary)
Pair's Outlook
Bearish momentum of AUD/USD does not show signs of losing strength, as investors political uncertainty in Greece spurs worries over the Euro zone collapse. For now, bearish traders might be aiming at the 0.9742-0.9697 zone (Weekly S1; lower Bollinger band) unless there is a substantial change in fundamentals.
Traders' Sentiment
Presently, there are 58% of bullish positions, as investors are anticipating the pair to recover in the short term. Within 100 pips, 56% of market players expect a bullish trend to emerge in the currency pair upcoming week
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