© Dukascopy Bank SA
-National Australia Bank (based on The Australian)
Pair's Outlook
Pair is currently trying to breach one of key resistance levels around 1.0570. However, if the pair wont manage to do so in the nearest future, we are abound to see a rather rapid devaluation of the pair in the medium and long term.
Traders' Sentiment
Currently 73% of the traders expect depreciation of the pair, in the near future, but, in the range of 100 pips from the current price, the amount of long orders is almost identical to the short trade orders pointing at likely steady development of the pair.
© Dukascopy Bank SA