AUD/USD climbs over 1.0343/36

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There is scope for the G-20 to add to the G-7 statement, but we suspect the core of the message — no targeting of exchange rates — will remain intact."
- BNP Paribas (based on MarketWatch)

Pair's Outlook

AUD/USD has managed to surpass 1.0343/36 yesterday, with a daily high posted close to the resistance formed by the 20 and 200-day SMAs. Nevertheless, the rally seems to be exhausted, having little upside potential left (up to 1.0392/86). The medium-term target is considered to be 1.0141/12, where the currency pair could commence a robust recovery.

Traders' Sentiment
The Australian Dollar is gradually losing its popularity relatively to its major counterparts. Right now 38% of positions are long on the Aussie, taking into account all the currency pairs with it. Specifically in AUD/USD, the ratio between the bulls and bears is 36% to 64% respectively, while among the pending orders 58% are commands to buy.
© Dukascopy Bank SA
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Actual Topics

Thu, 14 Feb 2013 15:37:19 GMT

USD/CAD hovers at 1.0008/02

USD/CAD remains steady, hanging just above 1.0008/02, the 20-day SMA and a weekly pivot level. For now the price is in no hurry to get ready for a trip north, but the prospects are from neutral to positive.

Thu, 14 Feb 2013 15:37:08 GMT

EUR/JPY is being pressured

Apparently, the bulls have lost a local duel to bears around a resistance level at 126.45, an event which prolonged the consolidation phase that is taking place between a 34-month high at 127.94 and a support line at 123.29.

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