AUD/USD - continuous upward movement Dukascopy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The fact we should be focusing on is that the Australian economy is going through transition."
- C.Clyne, Chief Executive at National Australia Bank (based on Fox Business)

Pair's Outlook
After a slight breakout from the Channel Up pattern, AUD/USD is striving towards the Upper Bollinger band around 1.0581 and weekly R1 at 1.0576. Bearing in mind that the weekly forecast has been significantly exceeded, we are likely to experience a slight bearish movement closer to 200-day SMA around 1.0299. RSI (14) currently is likely to give a Sell signal in near term.

Traders' Sentiment
On the SWFX sentiment index we have seen a slight decline of bullish expectations, as today 56% (down from 59% yesterday) of market participants expect the pair to move higher. However, 44% of traders believe in a near-term trend reversal and a bearish correction.

© Dukascopy Bank SA
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Actual Topics

Tue, 31 Jul 2012 14:01:01 GMT

USD/CAD - pair moves lower, eyeing 0.9972; sentiment neutral

The pair is unexpectedly continuing its downward movement, and is currently moving closer towards the weekly S1 at 0.9972. However, RSI (14) is likely to give a Buy signal in near term, so a bullish correction is highly probable. In such case, USD/CAD would be en-route towards the 200-day SMA at 1.0041.

Tue, 31 Jul 2012 17:14:50 GMT

AUD/JPY to confront 82.689

Bearish downtrend that started on the 29th of July has ended, and now a bullish reaction takes place, although RSI indicator remains neutral. As for now, AUD/JPY currency pair is heading towards Upper Bollinger Band at 82.689, where it is very likely to find resistance for the current rally. If necessary, next resistances at 83.167 and 84.205 might bring some

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