© Dukascopy Bank SA
© Dukascopy Bank SA
"Barring calamitous developments in Europe, the RBA appears likely to leave interest rates on hold for at least the next couple of months as it assesses the impact of earlier policy easing on the domestic economy."
- ANZ (based on CNBC)
Pair's Outlook
The Australian dollar advanced versus the American dollar and for now it maintains a positive momentum, hitting a 200-day simple moving average. In case the pair manages to close above this line today, investors might expect an initial resistance level at 1.0350 (Upper Bollinger band), followed by 1.0385/400 (38.20% Fibo; R2 Weekly) and 1.0574 (23.60% Fibo), respectively.
Traders' Sentiment
The stance on AUD/USD is bearish at the present as 61% of investors keep short positions and 39% of market participants hold long positions on the pair. Meanwhile, the order disposition shows that 56% of investors stick to a bullish outlook on the Aussie DollarUS Dollar currency pair.
© Dukascopy Bank SA
© Dukascopy Bank SA