AUD/USD trades between 0.9577 and 0.9400/0.9371

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The ‘act of tapering' and beginning the process of policy normalization would speak loudly about the Fed's own confidence in the future of this economic recovery."
- Wells Capital Management (based on MarketWatch)

Pair's Outlook

The currency pair still gravitates towards 0.9400/0.9371, but at the same time does not seem to possess sufficient amount of bearish momentum—it was gradually lost while AUD/USD was trading in the 0.9843-0.9387 area. Nevertheless, downside risks persist, being that the daily and weekly technical studies are bearish. In order for the pair to restore bullish outlook it will have to reclaim 0.99.

Traders' Sentiment
The SWFX markets stays largely insensitive to the small price fluctuations we observe lately. The percentage of bulls is still three time larger than the share of bears. Concerning the orders placed on AUD/USD, 44% of traders intend to acquire the Aussie and 56% plan to sell it.
© Dukascopy Bank SA
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Actual Topics

Wed, 19 Jun 2013 13:55:50 GMT

USD/CAD slips to 1.0182

After hitting the resistance at 1.0228/14 the U.S. Dollar was sold off down to the interim support line at 1.0182, although it is not expected to hold the pair from reaching lower levels.

Wed, 19 Jun 2013 13:55:16 GMT

EUR/JPY declines ahead of up-trend

EUR/JPY moved north more than initially anticipated, but its outlook will remain bearish as long as the rising resistance line stays intact.

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