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- Deutsche Bank AG (based on Bloomberg)
Pair's Outlook
After successfully breaching the line at 0.9184 the currency pair returns back to the 20-day SMA and weekly R1. If the former support limits the on-going dip, we are likely to see a quick rally up to the next resistance at 0.9348/27 that is standing on the way towards the key level at 0.9387. However, there are strong supply areas near 0.9577 and 0.9843.
Traders' Sentiment
For now SWFX marketplace participants seem to be unwilling to go long the Aussie, even though at the moment there is an opportunity to acquire it at cheaper levels than yesterday. The share of bulls lost a fraction and now constitutes 73% of the total amount. The difference between the buy and sell orders is smaller, they take up 55% and 45% respectively.
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