AUD/USD shows signs of activity

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"In the very, very short term, there's a risk to the downside for the Aussie."
- Standard Chartered Plc (based on Bloomberg)

Pair's Outlook

AUD/USD has made a quick run down to 1.0479/59 today, but the price was successfully repelled and sent back above 1.0534/33, thus preserving a chance of penetrating a zone that stretches from 1.0579 up to 1.0624, though this particular area has remained unbroken since mid-March. The technical indicators in aggregate point to the upside already for some time, but the pair did not make any notable efforts to step higher yet, calling into question its ability to gain upward momentum in the nearest future.

Traders' Sentiment
The Australian Dollar is the least popular currency in the SWFX marketplace at the moment, on average being acquired merely in 29% of cases. The same situation is observed in AUD/USD pair in particular, where a substantial majority (71%) of traders stays short on it.
© 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.