EUR/AUD to move higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Outlook
The bullish tendency, which started a couple of days ago, successfully keeps advancing even further, and today the EUR/AUD currency pair advanced even higher, moving closer to the resistance line of the prevailing bullish price channel at 1.2702, which is expected to bring some bearish momentum. If it fails to stop the rally, then next resistance at 1.2740 (monthly R2) will probably slow down the uptrend. In addition, the overall indicator outlook is neutral, therefore no significant trend reversals are expected in the nearest future.

Traders' sentiment
SWFX market participants are neutral regarding the EUR/AUD currency couple, as 54% of traders hold bullish positions and 46% of traders hold bearish positions. The situation with orders is completely neutral, since exactly 50% of traders ordered to buy and 50% ordered to sell the Euro.
© Dukascopy Bank SA
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Actual Topics

Thu, 04 Oct 2012 14:33:31 GMT

EUR/JPY stopped at 102.60

Pair is continuing its rally after bouncing from major (psychological level) at 100 and is moving to form what seems to be a double top. Lower levels were not hard task, but as pair approaches resistance levels above 102.5 it seems that we will see a loss in momentum and few choppy sessions would not be a surprise as well.

Thu, 04 Oct 2012 07:58:47 GMT

USD/CHF hovers between 0.9343 and 0.9416/42

The currency pair is expected to eventually erode support at 0.9343 and gain downward impetus, which in turn may lead to a retest of 0.9245. However, for the time being USD/CHF remains sidelined, as pointed out by technical indicators for all the three time intervals presented. In case the price increases, 0.9416/42 will be the first to try to negate

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