© Dukascopy Bank SA
- Standard Chartered Plc. (based on Bloomberg)
Pair's Outlook
The pair breached the 20-day SMA, monthly PP and weekly R1 around 0.9320 today, this was the first major move in about two weeks. We expect the Aussie to continue its advance towards the weekly R2 at 0.9379. Nevertheless, we do not see the pair approaching this year's high at the 0.9461. Australia's Dollar jump did not impact the technical indicators that continue to send mixed signals.
Traders' Sentiment
An overwhelming majority (74%) of the traders believe that the Aussie is going to lose its bullishness and increase in value relative to the U.S. counterpart.
© Dukascopy Bank SA