AUD/USD in a standstill

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Since concerns on a possible U.S.-led military strike against Syria have eased, market participants are just waiting for the outcome of next week's Fed meeting."
- Newedge (based on Reuters)

Pair's Outlook

While yesterday AUD/USD was distinctly bullish, today the currency pair lingers at its open price, being buoyed by the 100-day SMA. Technical indicators at the moment are mixed, suggesting no particular direction for the price, though we would assume the probability of a decline is higher than the chance of a rally, taking into account the strong resistances that lie overhead.

Traders' Sentiment
The bulls stay in a prominently dominant position in the market, although their percentage has notably decreased lately. Right now 68% of all the positions in AUD/USD are long, though in general in its currency pairs the Australian Dollar is bought in 74% of trades, making the Aussie the most popular major currency.
© Dukascopy Bank SA
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Fri, 13 Sep 2013 14:18:11 GMT

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