Aussie takes advantage of USD weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It seems the argument has moved on from when the Fed will raise rates to how many hikes we will see in 2016."
- IG Ltd. (based on CNBC) 

Pair's Outlook 
The AUD/USD remained unchanged over the day, after having reached a fresh one-week low yesterday. Today the Australian currency added more than 60 pips against the US Dollar, which, in turn, is getting oversold. The monthly PP is currently preventing the Aussie from climbing higher, but the exchange rate could still reach the weekly R1 at 0.7184 or even the 0.72 major level if the given pair receives a sufficient fundamental boost. At the same time, risks of diminishing the rally exists, with the 20 and 55-day SMAs holding the gains, as technical studies are giving bearish signs. 

Traders' Sentiment 
Bullish market sentiment returned to its Monday's level of 73%. There are now more orders to buy the AUD (57%), up from 44%.
© Dukascopy Bank SA
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Actual Topics

Thu, 19 Nov 2015 13:58:05 GMT

USD/CAD on the verge of retesting the up-trend

The Greenback gave up on its intraday gains and ended the day in the red zone.

Thu, 19 Nov 2015 13:36:07 GMT

EUR/JPY in tight range between 131.20 and 132.30

"In Europe and Japan, central banks are carrying on with easy monetary policy to support growth and this plays in favor of stock markets." - Ambrosetti Asset Management (based on CNBC) Pair's Outlook The EUR/JPY currency pair behaved in accordance with expectations, as it underwent a correction and closed trade slightly above the target. Despite yesterday's surge, the situation remains unchanged. The given cross

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