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"The description of the debate inside the Fed revealed that proponents for not modifying the QE were still comfortably outnumbering those favorable to an early exit."
- Haitong International Research (based on MarketWatch)
Pair's Outlook
AUD/USD slipped beneath 0.9184/72 yesterday, but today is already trading under the weekly pivot point level around 0.9022/0.8967, the current location of the lower Bollinger band and the weekly S1. However, the dip may not yet be exhausted, it is likely to target the down-trend support line at 0.8905/0.8893 first, then in the longer term—0.8568.
Traders' Sentiment
The portion of whose who believe that AUD/USD has recently hit a rock bottom is still overwhelming, even though lately it has been decreasing as a consequence of a long squeeze. The gap between the buy (37%) and sell (63%) orders is smaller, but is nonetheless considerable.
© Dukascopy Bank SA