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- Nomura (based on FXStreet)
Pair's Outlook
The market woke up on Thursday, fully taking into account the Fed's monetary policy decision and, along with plunging oil prices, causing the AUD/USD to fall down the second support cluster around 0.7125. Even though the Aussie made an attempt to confirm the up-trend yesterday, the intraday low was still 12 pips away; however, the Antipodean currency could retest the given trend-line today and find support at 0.7086. The Australian Dollar still faces the support cluster which kept the pair at bay yesterday, which could also cause a correction today, triggering a rally towards 0.7160.
Traders' Sentiment
Only 70% of traders retain a positive outlook towards the AUD/USD. More than three quarters (76%) of orders are to sell the Aussie.
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