- Rabobank (based on CNBC)
The AUD/USD pair behaved according to expectations, as climbed slightly up. The Aussie ended the trade session just over the monthly PP, as it gained 11 pips yesterday. Technical studies retain their distinctly bullish signs, suggesting the rally to continue. The nearest resistance lies at 0.79 psychological level, which is also backed by the monthly PP. Nevertheless, the Australian Dollar is unlikely to stabilise that high, whereas the pair will most probably close the day between the monthly and weekly pivot points.
Bullish market sentiment returned to its last Friday's level of 71%. The portion of buy commands added ten percentage points. Now 45% of all orders are to acquire the Aussie.