AUD/USD capped by the 0.93

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If the forecasts prove correct we should see the dollar drift toward 92.50 US cents support, and maybe even 92.00 cents on substantially good US jobs data. If we see a howler of a result from the US employment the Aussie could end up testing 93.20 US cents, with a break above here putting it back on track to target 94.50 cents."
- ThinkForex (based on The Australian)

Pair's Outlook

The pair continues to trade around 0.925 which is most likely caused  by the resistance coming from the 0.9301/29. If the pair manages to peak above it, we should see it testing weekly R2/monthly R1 in the short to medium term. In case the pair receives a bearish impetus it might fall as low as 91 cent mark dues to the lack of any resistances between there and 0.9192/67 area.

Traders' Sentiment

Bears continue to dominate the market as they continue to hold 69% of all of the open positions. Besides that, long side of pending orders contracted by at least 8% and is at 58 to 61% depending on the range on the current market price.

© Dukascopy Bank SA

Actual Topics

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.