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- Boston Advisors LLC (based on Bloomberg)
Pair's Outlook
The pair was highly volatile today as it fluctuated for about 120 pips and the market was still unable to define the value of the Aussie. Since the pair rebounded three time from the 2010 low at 0.8069, the possible consolidation to the upside may continue. Meanwhile, the pair is trading in a neutral RSI territory , whereas the simple moving averages are pointing lower.
Traders' Sentiment
The sentiment is little changed from the last update. In details, 73% of traders hold their long positions on the pair. The 50– pip long pending orders are opened in a minority of the case- 21%, 58% less from the previous day.
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