© Dukascopy Bank SA
- Commonwealth Bank (based on Bloomberg)
Pair's Outlook
The Aussie failed to breach the 1.04 level for a fourth straight trading session, as the price fluctuates just beneath the 1.0394/1.0426 resistance, which is formed by the monthly R1; 100-day and 200-day SMAs. In case the pair remains below this level, the sentiments can change and inflame a bearish impetus. The closest support lies at 1.0350, where the 55-day SMA is currently positioned.
Traders' Sentiment
Distribution of bullish and bearish sentiments remains exactly the same as yesterday, since 28% of positions represent bulls. Waiting order segment brings out opposite sentiments, as the majority, 64%, of orders are buy.
© Dukascopy Bank SA