© Dukascopy Bank SA
- JPMorgan (based on Bloomberg)
Pair's Outlook
Bears have regained the control over the price by continuously supplying the Aussie and thereby forcing it to give up former positions. However, the pair has reached a notable support area at 1.0243/30 for the second time. Previously this has triggered a 90-pip rally and could postpone the dip down to 1.0141/12, but the price should be underpinned there.
Traders' Sentiment
Traders' sentiment in neutral towards AUD/USD, since the shares of bulls and bears in the SWFX marketplace are nearly equal—48% and 52% respectively. Hesitation is also evident while observing orders placed on the currency pair, as 54% of them are buy and 46% are sell.
© Dukascopy Bank SA