AUD/USD trades around 0.87

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Australian dollar reversed early gains to trade lower against most of its major counterparts by the end of US trading overnight."
- FXCM (based on the Australian)


Pair's Outlook
At the beginning of the week the pair managed to recover some of the previous losses; however, the Aussie failed to break the monthly PP at 0.7970. Since then the pair has slipped towards the major level at 0.78, where AUD/USD seems supported for now. Nonetheless, there is a potential for a further decline, as a distinct majority of the technical indicators continue to point to the south. Thus, a dip below the mentioned supports could mean a sell-off towards 0.77.

Traders' Sentiment
More than 70% of the SWFX market participants believe that the Australian Dollar is going to outperform the U.S. counterpart. And this number could go up, as 56% of orders are placed to purchase the Aussie.
© 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.