- TD Economics (based on WBP Online)
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.
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.