© Dukascopy Bank SA
"Sentiment towards the fiscal cliff is causing a lot of volatility in financial markets and the Aussie dollar at present and I guess we've seen sentiment flick from optimism to pessimism in a very rapid short space of time."
- Bank of New Zealand (based on The Australian)
Pair's Outlook
For a consecutive trading session pair varies in certain range, but different to all the other time it significantly increased upside and decreased downside signaling about propensity to step up a bit higher. However, pair remains depressed under 100-day SMA and technical indicators point at existence of significant downside risk.
Traders' Sentiment
Market moods are remaining strongly bearish as 75% of traders, the same as yesterday, are selling aussie versus the greenback. Pending orders are also in favor for the bears as 54% of them are to sell the pair.
© Dukascopy Bank SA