AUD/USD poses for possible recovery

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If Mr. Bernanke fails to offer a strong signal that more Fed easing is imminent when he speaks on Friday, the U.S. dollar is likely to catch an across-the board bid."
-Ray Attrill, National Australia Bank (based on The Wallstreet Journal)

Pair's Outlook
Pair bounced from 200 day SMA/weekly S1 at 1.0342/36 today, but monthly PP at 1.0372 holds the pair on point for now. As stochastic indicator sends buy signal we should see a price correction action on the pair in the short term.

Traders' Sentiment
Bearish sentiment persists for the third week and remains at 57% mark, the same as yesterday.  Distribution of pending orders shows some confusion amongst traders as they have posted equal number of buy and sell orders. 

© Dukascopy Bank SA
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Actual Topics

Tue, 28 Aug 2012 15:10:08 GMT

USD/CAD falls to 0.985

Weekly S1 and monthly S2 stopped pairs fall below 0.985 and we should see minor recovery in the near future. However, below 0.985 there is no strong support levels who could stop pars further depreciation in the medium term.

Tue, 28 Aug 2012 15:09:56 GMT

EUR/JPY demonstrates increased volatility

Pair demonstrated elevated volatility today wandering between 100 day SMA at 98.854 and weekly S1 at 97.742. Indicators suggest the pair should advance before eventually collapsing, but it is highly unlikely pair will manage to breach 10 day SMA resistance in the short term. 

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