Note: This section contains information in English only."The Aussie dollar is looking like a beautiful oasis over the short term."
- Oanda (based on The Business Times)
Pair's Outlook
[ANNOUNCE]Even though the AUD/USD currency pair experienced strong downside volatility yesterday, it still closed with the exchange rate remaining at the same level it opened at.[/ANNOUNCE] The Aussie appears to have reached its top level for the moment, as stabilising above 0.75 level would require to pierce the resistance area, represented by the monthly S1, the weekly R1, the 20 and the 200-day SMAs. Supply around this cluster is relatively strong, thus, the bearish momentum is more probable in this case. Moreover, technical indicators also suggest the Australian Dollar is to weaken today, with the nearest support located only around 0.74, namely the weekly PP and the monthly S2.
Traders' Sentiment
Market sentiment is now equally divided between the bulls and the bears, whereas 56% of all pending orders are to sell the Aussie.
Wed, 30 Nov 2016 14:48:03 GMT
Source: Dukascopy Bank SA
- Oanda (based on The Business Times)
Pair's Outlook
[ANNOUNCE]Even though the AUD/USD currency pair experienced strong downside volatility yesterday, it still closed with the exchange rate remaining at the same level it opened at.[/ANNOUNCE] The Aussie appears to have reached its top level for the moment, as stabilising above 0.75 level would require to pierce the resistance area, represented by the monthly S1, the weekly R1, the 20 and the 200-day SMAs. Supply around this cluster is relatively strong, thus, the bearish momentum is more probable in this case. Moreover, technical indicators also suggest the Australian Dollar is to weaken today, with the nearest support located only around 0.74, namely the weekly PP and the monthly S2.
Traders' Sentiment
Market sentiment is now equally divided between the bulls and the bears, whereas 56% of all pending orders are to sell the Aussie.