- Credit Suisse (based on CNBC)
Last Friday, the AUD/USD currency pair remained relatively unchanged. Even though the Aussie tested the resistance around 0.7815, ultimately, the pair edged down by five pips, despite a prediction of a hike. On Monday a slight decline is likely to take place, although technical studies are showing mixed signs. A possibility of a slight rally also exists, which should be limited by the resistance cluster around 0.7820. However, the most likely outcome is a fall towards 0.7780, level where the pair closed at the of Friday.
SWFX trader's attitude towards the Aussie improved, with 68% of positions being long (previously 67%). The portion of buy orders added ten percentage points, they now take up 49% of the market.