Note: This section contains information in English only."We suspect that prices will need to go sub 7424, the 55 day ma, to alleviate upside pressure and trigger losses to .7312/00 then .7161/64, the recent lows."
- Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The American Dollar was able to outperform the Aussie on Tuesday, causing the pair to close with a 32-pip loss.[/ANNOUNCE] With technical studies still giving bullish signals, another positive development is possible, which is also likely to indicate the continuation of the AUD/USD pair's bullish trend. Ultimately, for the trend-reversal to be fully realised the demand cluster around the 0.75 mark is required to be broken; however, it is possible only if the exchange rate falls below the 0.7580 level, where the weekly S1 coincides with the 20-day SMA. In case bulls take over today, the ceiling is likely to be the 0.7680 level, which kept the pair at bay since Monday.
Traders' Sentiment
There are 64% of traders being short the Aussie today (previously 65%), whereas 51% of all pending orders are to sell the commodity currency.
Wed, 08 Feb 2017 15:22:39 GMT
Source: Dukascopy Bank SA
- Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The American Dollar was able to outperform the Aussie on Tuesday, causing the pair to close with a 32-pip loss.[/ANNOUNCE] With technical studies still giving bullish signals, another positive development is possible, which is also likely to indicate the continuation of the AUD/USD pair's bullish trend. Ultimately, for the trend-reversal to be fully realised the demand cluster around the 0.75 mark is required to be broken; however, it is possible only if the exchange rate falls below the 0.7580 level, where the weekly S1 coincides with the 20-day SMA. In case bulls take over today, the ceiling is likely to be the 0.7680 level, which kept the pair at bay since Monday.
Traders' Sentiment
There are 64% of traders being short the Aussie today (previously 65%), whereas 51% of all pending orders are to sell the commodity currency.