AUD/USD advances en route to 1.0572/59

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If we see more worries about what Cyprus might mean for the wider euro zone, funding markets may be affected, and the price of borrowing by Australia and New Zealand banks from the rest of the world would get more expensive."
- Barclays Capital (based on CNBC)

Pair's Outlook

AUD/USD remains bullish, effortlessly reaching 1.0491 today, as traders are discouraged to short the Aussie that is headed towards 1.0572/59 at an accelerate pace and without serious delays. However, the pair will need to overcome 1.0519 and 1.0534 before arriving at the level of the upper edge of the rectangle that has been containing rallies for more than eight months.

Traders' Sentiment
According to the traders' sentiment, an overwhelming majority (72%) of SWFX marketplace participants still believe that the currency pair has topped out, as they have opened short positions. However, at the same time the portion of buy orders has increased up to 70%.
© Dukascopy Bank SA
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Actual Topics

Tue, 26 Mar 2013 17:35:23 GMT

USD/CAD cedes ground

As noted previously, the risk of the break-down of the up-trend support has risen substantially recently, being that the bullish impetus appears to be exhausted.

Tue, 26 Mar 2013 17:34:55 GMT

EUR/JPY pushed through 121.78

The currency pair has finally left the narrow corridor it has been trading within, closing beneath the support at 121.78.

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