AUD/USD recovers from 1.0305

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With the drag from the government sector larger, the onus for providing policy stimulus falls even more heavily on the shoulders of RBA officials."
-JPMorgan (based on The Australian) 

Pair's Outlook

After depreciating for the last three days last week pair recovered after hitting weekly PP at 1.0305. However, pairs further advancement is rather questionable as 100 bar SMA at 1.0357 likely to push pair below 1.03,  to 1.0278/69 area.

Traders' Sentiment
After major swing in market sentiment in the beginning of the previous week, bears started the week occupying majority (56%) of the market. Share of pending sell orders (51%) suggest we might see  a further strengthening in bearish sentiment. 

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.