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"We have seen some long risk positions built up on the back of expectations central banks in general will do more. There's scope for disappointment on that front although we're more likely to see it in the Aussie and Canadian dollar rather than the euro."
- Michael Sneyd, BNP Paribas (based on Reuters)
Pair's Outlook
Bulls don't lose hope to advance higher and at the moment the pair is fluctuating around 1.0574 (23.60% Fibo). A breakout here would expose the second and third resistance levels at 1.0629 (Upper Bollinger band) and 1.0668 (R2 Weekly), respectively.
Traders' Sentiment
The decisive majority of investors (70%) stick to a bearish outlook on the AUD/USD pair while 30% of traders expect the pair to move south in the short term. The positioning of orders reflects that 67% of market participants keep bullish stance on the Aussie Dollar-US Dollar currency pair while 33% of currency traders anticipate the pair to decline.
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