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"It's positive so far for the market, and risk currencies are opening higher. But we don't know what the coalition's going to look like, so we still do have some uncertainties remaining and any gains should be limited."
- Westpac (based on Reuters)
Pair's Outlook
The Aussie dollar edged higher against the greenback on positive outcome of the Greek results, suggesting the country is likely to form the government and meet its obligations. Thus, if AUD/USD to stick to bullish momentum, 1.0212 (R1 Weekly; Upper Bollinger band) is going to be the first target for bulls, followed by 1.0283/312 (200-day ma; R2 Weekly) and 1.0493 (R3 Weekly) in case the pair moves higher.
Traders' Sentiment
There is no change observed in the traders' sentiment on AUD/USD currency pair, as the shares of long and short positions remain the same, being 57 and 43 per cent, accordingly.
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