© Dukascopy Bank SA
"It will not be too long before the market realizes there is not much new in the agreement, and that anything that is new has a huge amount of conditionality in it."
- Ian Stannard, Morgan Stanley (based on Reuters)
Pair's Outlook
AUD/USD managed to maintain positive dynamics after breaching 200-day SMA as the pair is heading towards an initial resistance at 1.0347 (R1 Weekly). A breach of this line would clear a way to 1.0464 (R1 Monthly) and 1.0574 (23.60% Fibo).
Traders' Sentiment
The decisive majority of investors (71%) stick to a bearish outlook over AUD/USD while 29% of traders expect the pair to move south in the short term. The positioning of orders reflects that 56% of market participants keep bullish stance on the Aussie Dollar-US Dollar currency pair while 42% of currency traders anticipate the pair to eventually fall.
© Dukascopy Bank SA