AUD/USD retreats from monthly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Increase in U.S. yields helped the dollar gain a bit more ground."
- Credit Agricole (based on MarketWatch)


Pair's Outlook

AUD/USD largely ignores the daily indicators and is rather following the signals shown by the studies on the weekly and monthly charts, as an attempt to return back above the monthly R1 so far appears to be unsuccessful. As a result, the currency pair is now testing the down-trend support line at 0.8953/40, which has a fairly high chance of preventing further sell-off, but only temporarily.

Traders' Sentiment

Apparently, some of the traders used the most recent dip in AUD/USD in order to buy the Aussie at a lower price, bringing the percentage of the long positions to 64% from yesterday's 62%. Meanwhile, the amounts of buy (52%) and sell (48%) orders remain more or less the same.
© 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.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.