© Dukascopy Bank SA
- Commonwealth Bank (based on the Australian)
Pair's Outlook
AUD/USD has extended its yesterday's gains, as the pair is challenging the major level at 0.88 at the moment. We are seeing a bullish action; although, the technical indicators continue to point downwards; therefore, we have to be aware of the downside risks. Nonetheless, if the pair strengthens and approves its bullish intentions with a close above the 0.88 mark then a further appreciation is rather realistic.
Traders' Sentiment
An overwhelming majority (74%) of the traders believe that the Aussie is going to regain its bullish momentum and increase in value relative to the U.S. counterpart. The distribution between the buy and sell orders is much more stable—55% and 45% respectively.
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