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- The RBA Governor Glenn Stevens (based on Bloomberg)
Pair's Outlook
AUD/USD dropped below the 0.93 mark today, after approaching the 55 and 100-day SMAs at 0.9344/47 yesterday. The Australian currency received a bearish impetus from today's informational shock, that dragged the pair lower. The longer term (monthly) technical studies are also to the downside, suggesting that the Aussie will trade even lower. The next support level (August lows) that could possibly halt the current decline is at 0.9239, in fact the pair has not breached it since early June.
Traders' Sentiment
After today's dip the sentiment towards the currency pair decreased to 37%, its 10% lower than yesterday. In the meantime, the share of orders to enter the market with a buy trade edged up to 66%.
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