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- RBC (based on Reuters)
Pair's Outlook
The Aussie suffered minor losses against the Greenback yesterday. Even though the AUD/USD pair was able to reach the highest level in almost four months, ultimately, it still edged down, entering the Bollinger band borders once again. Nevertheless, the Australian Dollar is expected to fall deeper down today, and stabilise around the 0.80 major level. At the same time, technical indicators keep showing bullish signs, despite the fact that the weak US fundamental data had little effect on the given currency pair.
Traders' Sentiment
SWFX traders' sentiment improved again, as 74% of all positions are now long (previously 73%). Meanwhile, the number of buy commands, on the other hand, slid from 74 to 71%.
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