© Dukascopy Bank SA
"The good news is that there are no signs of the economy stalling. And for Australia and the world economy generally, that is a very positive development."
- CommSec (based on The Wall Street Journal)Pair's Outlook
Pair extended its yesterdays gains early in the session today, but received a push from 1.04 and currently is stuck between weekly pivot (R2) at 1.0365 and monthly pivot (PP) at 1.0378. Pair might attempt to advance above 1.04 once more, but resistance coming from weekly R3)/Bollinger band at 1.0434/38 should push ir back to 100 bar SMA or even closer to 1.03.
Traders' Sentiment
After 30% increase in the past few days, bears continue to hold 60% of all open positions on the pair. In addition, the same as yesterday, 54% of pending orders are to go long.
© Dukascopy Bank SA