AUD/USD touches 55 and 100-day SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We'll be taking our cue from the Chinese data. Obviously any thing better and we should get a bit of a rally but I think the US dollar strength will see a little bit of headwinds on the upside for now."
- OM (based on the Australian)

Pair's Outlook
The Australian currency continues to hover above the 0.93 level and today it reached the 55 and 100-day SMAs at 0.9349/45, respectively. According to the technical indicators, we might see a further advance towards the weekly and monthly R1s at 0.9379/90, as the daily and weekly indicators point upsides. Nonetheless, if the pair fails to break the 55 and 100-day SMAs then a drawback to the 0.93 mark is possible.

Traders' Sentiment
The sentiment towards AUD/USD slightly improved, but a majority of the market participants are still expecting the Aussie to underperform, namely 53% of them. At the same time the gap between the buy (64%) and sell (36%) orders is widening.
© Dukascopy Bank SA
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