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- Raymond James' Brown (based on Bloomberg)
Pair's Outlook
A lot of the USD pairs was seen depreciating today and this particular pair is not an exception. The AUD/USD added another 50 pips to the previous daily green candle. The daily high is the 0.797 level, whereas the low lays at 0.790 currently. The cross was mainly fluctuating around the Bollinger band at 0.792 during the evening sessions. The Alligator still links to the pairs' depreciation.
Traders' Sentiment
The 50– pip pending orders are still set on the bearish side mostly, since only 14 of traders hold longs. Meanwhile, the 100– pip orders have the same bearish sentiment and about 81% of traders would want to sell the pair.
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