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AUD/USD remains flat below 0.74

© Dukascopy Bank SA
"While recent international developments have resulted in markets pushing out the timing of lift-off, we still believe the US economy has garnered up sufficient strength to warrant taking interest rates off the floor as early as September of this year." 
- TD Economics (based on WBP Online)

Pair's Outlook 
The AUD/USD currency pair surprised with its performance on Thursday, as it declined a lot less than anticipated. Moreover, the Aussie remained relatively unchanged, as it lost only six pips against the Greenback. Nevertheless, the weekly PP keeps preventing the pair from falling today; therefore, we might see the Australian Dollar remain in limbo by the end of the day, as it lack the strength to edge higher. Furthermore, technical indicators keep showing mixed signs, suggesting the pair is to remain flat today. 

Traders' Sentiment 
Bullish market sentiment returned to its Wednesday's level of 73%. Meanwhile, the share of purchase orders lost two percentage points. The commands now account for only 36% of the market.
© Dukascopy Bank SA

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