Note: This section contains information in English only.
"The Australian Dollar suffered the lion's share of punishment after the RBA nudged official rhetoric toward the dovish end of the policy spectrum."
— Ilya Spivak (based on DailyFX)
Pair's Outlook
[ANNOUNCE]The Aussie has experienced a sharp movement downwards today, extending its losses for the fourth consecutive day.[/ANNOUNCE] The pair has breached the lower trend-line and the weekly S1; it is currently testing the 200-day SMA. In case this level is surpassed, the Aussie might find support at 0.7540 where the weekly S2 is located. It is unlikely that the pair will remain its move south after this level. Technical indicators are turning bullish in shorter term but are rather indecisive in longer term.
Traders' Sentiment
Market sentiment has improved slightly but still remains bearish, as 65% of today's traders are holding short positions. Meanwhile, 58% of all pending orders are set to sell the Aussie.
Tue, 04 Apr 2017 15:32:53 GMT
Source: Dukascopy Bank SA
— Ilya Spivak (based on DailyFX)
Pair's Outlook
[ANNOUNCE]The Aussie has experienced a sharp movement downwards today, extending its losses for the fourth consecutive day.[/ANNOUNCE] The pair has breached the lower trend-line and the weekly S1; it is currently testing the 200-day SMA. In case this level is surpassed, the Aussie might find support at 0.7540 where the weekly S2 is located. It is unlikely that the pair will remain its move south after this level. Technical indicators are turning bullish in shorter term but are rather indecisive in longer term.
Traders' Sentiment
Market sentiment has improved slightly but still remains bearish, as 65% of today's traders are holding short positions. Meanwhile, 58% of all pending orders are set to sell the Aussie.