AUD/USD stopped at 1.0426/20

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Stronger economic growth and leaving rates on hold would be positive for the Aussie. The Reserve Bank will continue to wait and see the impact of earlier cuts. There just doesn't seem to be the same level of anxiety there was last year."
- St. George Bank Ltd. (based on Bloomberg)

Pair's Outlook

Despite the repeated tries of AUD/USD to push through the 100-day SMA and challenge the 200-day SMA, the currency pair is trading flat, since it has encountered a strong demand around 1.0426/20. Technical studies are mostly silent, with only a few daily indicators pointing to the downside, suggesting that we may see a series of several tranquil days before a new strong signal is received.

Traders' Sentiment
The gap between the bulls and bears is fairly stable. Currently 35% of positions are long and the rest, 65%, are short, meaning that SWFX marketplace participants anticipate a decline in the Aussie's value. The distribution between buy and sell orders is 55% to 45%, respectively.
© Dukascopy Bank SA
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