AUDUSD Bullish
AUD/USD is currently in a bullish trend. According to the COT Report, long positions in AUD are increasing, while short positions in USD are also rising. The endogenous factors for AUD are stronger than those for USD. Forex condition scoring further supports this outlook, with AUD showing a positive sentiment score of 10 and a negative sentiment score of 7, compared to USD's positive sentiment score of 13 and negative sentiment score of 19. Additionally, seasonal trends indicate that AUD typically strengthens at the start of September, while USD tends to weaken.
All these factors suggest that AUD/USD is likely to remain bullish.
All these factors suggest that AUD/USD is likely to remain bullish.
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