© Dukascopy Bank SA
– Marc Chandler (based on investing.com)
Pair's Outlook
The Aussie lost half of its previous Friday gains against the Greenback on Monday. However, the currency exchange rate has been highly volatile during Tuesday's session, as at one moment it was at the level of 0.7493, where it met with the 100-day SMA and rebounded, and later by 11:45 GMT the pair traded at 0.7582. As the daily aggregate technical indicators forecast a surge for the pair today, and it faces no resistance up to the first weekly support level at 0.7670.
Traders' Sentiment
There are 73% of traders being short the Aussie, whereas 81% of all pending orders are to acquire the Antipodean currency.
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