AUD/USD denies bearish bias

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The market had been pricing in a 30-40 percent change of more cuts in rates and that has really been ruled out. There may even now be scope for the market to think about the RBA hiking rates."
- BNP Paribas (based on CNBC)

Pair's Outlook

Due to a strong positive for the Aussie fundamental impact AUD/USD soared from yesterday's close and is currently testing the supply area created by the August low, weekly PP and the 20-day SMA. If this zone gives in to the buying pressure, then the rally could extend up to the monthly PP and the 55-day SMA at 0.8984/66, even though most of the indicators are currently bearish.

Traders' Sentiment

Compared to the yesterday's figure, today there are even more long positions on AUD/USD—their share increased from 71% up to 74%, as traders were encouraged by the recent rally. Meanwhile, the percentage of buy orders is also growing—at the moment 60% of them are to purchase the Australian Dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 22 Jan 2014 15:20:23 GMT

USD/CAD stays side-lined

Being that USD/CAD is failing to reignite the bullish momentum in the presence of a strong resistance zone, the risks are greatly skewed to the downside.

Wed, 22 Jan 2014 15:20:09 GMT

EUR/JPY erodes 141.47

EUR/JPY, being supported by the 55-day SMA and the monthly S1 level, remains on a bullish path and is about to breach the weekly PP at 141.47.

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.