© Dukascopy Bank SA
- Gaitame.com Research Institute Ltd. (based on Bloomberg)
Pair's Outlook
The Aussie can not disengage from bearish pressure, as today the price gently, but still depreciates towards a last week's low at 0.9593. The pair is very close to a one-year bottom at 0.9577 and a settlement below it might open a free space for a further decrease. Another supports are at 0.9537, the weekly S1, and at 0.9479 the Bollinger band.
Traders' Sentiment
Over the weekend bulls increased their share by another 3% to 73% in total. The sharply decreasing price, which almost reached a one-year low, invites investors to speculate on a potential rebound. Placed orders segment is bearish, as 59% of waiting orders are ready to sell the pair and accelerate Aussie's depreciation.
© Dukascopy Bank SA