AUD/USD hovers around 0.9050

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Up until recent days, there had been growing speculation that the US central bank could signal an earlier start to the rate-hiking cycle." - Commsec (based on the Australian)

Pair's Outlook
AUD/USD were not able to break the 0.91 level yesterday, while today the pair slipped towards the 0.9050 mark. Moreover, the Aussie has approved its determination not to fall below the 0.90 mark by rebounding already couple of times from this level. Therefore, we expect the pair to trade range bound with some short-term rallies towards the 0.91 level. Nevertheless, if for some reason the pair drops below 0.90 then a sell-off could occur.

Traders' Sentiment
As evidenced by the SWFX traders' sentiment, about six out of ten traders believe that the Aussie is going to appreciate relative to the U.S. Dollar. In the meantime, the portion of buy orders jumped, from 25% to 50%.
© 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.