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- Moody's Analytics (based on the Australian)
Pair's Outlook
The Australian currency has been on a down-trend against the Greenback since the second week of the month, while as of today the pair is trading around the weekly S1 at 0.8869. In case the weekly S1 does not hold then the December low and weekly S2 at 0.8822/00 should be strong additional supports. In the meantime, the technical indicators remain more or less neutral, thus that could limit fluctuation to either of sides.
Traders' Sentiment
The sentiment continues to become more and more neutral, as it has fallen more than 10% in just couple of days. However, still the majority (53%) of the SWFX traders are bullish on the pair. In the meantime, the share of sell orders grew from 48% up to 52%.
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