AUD/USD closes in on 1.0560/34

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Aussie is struggling to rise. I can't see an immediate pickup in corporate confidence or retail sales."
- Satoshi Okagawa, Sumitomo Mitsui Banking Corp. (based on Bloomberg)

Pair's Outlook

Despite the difficulties the pair has been facing lately, the price remains in an up-trend and should soon challenge 1.0560/34, where the it is expected to be strongly bid. Further extension of the rally is not deemed as a likely scenario, as the next resistance level at 1.0624 is the highest in 2012. Accordingly, an increasing demand for the aussie is not viewed as a sustainable trend.

Traders' Sentiment
AUD/USD currency pair may be considered as oversold, since an absolute majority (74%) of SWFX marketplace participants are holding short positions on it. The ratio between buy (48%) and sell (52%) orders wanders around a neutral zone and gives no particular insight into preferences of the traders.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 09 Jan 2013 16:49:34 GMT

USD/CAD stalls between 0.9903/0.9889 and 0.9837/30

USD/CAD continues to trade in a narrow corridor, as market participants stay undecided and wait for more clearer signals to bet either in favour or against the U.S. Dollar paired with the loonie.

Wed, 09 Jan 2013 16:49:21 GMT

EUR/JPY rapidly approaches 114.89

Bulls are likely to be reassured in the positive outlook on the currency pair by the most recent action of the pair, even though the day is not yet closed and it may be too soon to draw conclusions.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.