AUD/USD is little changed at 0.9260

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The markets had responded to the fact that things have improved there over the course of the weekend. The rally we saw in US markets was attributable to the improvement in that situation."
- CommSec (based on the Australian)


Pair's Outlook
AUD/USD has little changed today, after last week's fluctuation, when the pair breached the monthly PP at 0.9362 and later dropped below Bollinger Bands at 0.9258. The next key level for bearish traders is the weekly and monthly S1 at 0.9222/19, which is just slightly above the May low and major level at 0.9203/00. To our mind this group of support levels should keep the pair above the 0.92 mark for now. Also, the weekly technicals are slightly bullish and that should slow the current decline.

Traders' Sentiment
The bullish sentiment towards the pair is continuing to grow and at the moment it has reached 62%. In the meantime, the share of sell orders grew significantly from 33% up to 64%.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.