AUD/USD halted by 0.9422/15

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We suspect that in the very short run, the dollar is likely to remain vulnerable to a deeper correction against both developed and emerging-market currencies, given the data calendar is unlikely to provide impetus to drive U.S. yields higher."
- Credit Agricole (based on MarketWatch)

Pair's Outlook

Despite the bearishness implied by the daily technical indicators, AUD/USD jumped 50 pips to the weekly R1. Unless the price surges another 100 pips from here, the overall outlook on the currency pair will remain strongly negative, being that the key resistance zone, formed by the 200-day SMA, monthly PP and the 38.2% Fibonacci retracement of the April-august sell-off, should force the price to continue moving lower.

Traders' Sentiment

Although fundamentally the preferences of the SWFX market have not changed (the Australian Dollar remains one of the most popular currencies), the percentage of open long positions on AUD/USD has significantly decreased since the previous report, namely from 70% down to 66%.
© Dukascopy Bank SA
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Actual Topics

Tue, 19 Nov 2013 15:42:55 GMT

USD/CAD probes monthly pivot

After receiving downward impetus because of a test of the resistance at 1.0527, the pair is slowly but surely approaching the monthly pivot point at 1.0402.

Tue, 19 Nov 2013 15:42:38 GMT

EUR/JPY stays near Nov high

Yesterday the resistance at 135.64/50, consisting of the monthly R1 and the November high, prevented further appreciation of the Euro relative to the Yen.

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