AUD/USD tends upward

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The RBA did acknowledge the better run of international data received between the two meetings and the effect that has had on commodity prices. The Aussie has caught a bid after finding support near the $1.0250 level."
- Australia & New Zealand Banking Group Ltd. (based on Bloomberg)

Pair's Outlook

The bulls have pushed the price up to 1.0336 unhindered. Now the motion north should encounter strong selling pressure. Overhead lies area formed by a combination of 20-day SMA with a weekly R1 at 1.0371/58. Even higher there is the 200-day SMA (1.0395) that is expected to introduce more bears into the market, obstructing further advancement.

Traders' Sentiment
Shorting the currency pair is getting more popular, 66% of traders are short, while AUD/USD is stepping higher, meaning that market participants are probably anticipating a soon turnaround. The gap between the buy and sell orders widens, but is negligible—only 8% in favour of the latter.
© Dukascopy Bank SA
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Actual Topics

Tue, 19 Feb 2013 16:27:23 GMT

USD/CAD is in the vicinity of 1.0159/40

Surprisingly, resistance at 1.0116/02 was overcome sooner than expected, but the trend is still evolving according to previous estimations.

Tue, 19 Feb 2013 16:27:12 GMT

EUR/JPY is directionless

Even though our view is skewed towards re-emergence of a rally and subsequent erosion of 127.94, the currency pair is presently in a lull, as the whole market, refusing to decisively move in any specific direction.

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