AUD/USD's trading range narrows

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The dollar is the place to be."
- DoubleLine Capital LP (based on the Bloomberg)


Pair's Outlook

There is virtually no volatility in AUD/USD pair, as it established a new floor at 0.8756, while leaving the ceiling at 0.8822. But taking into account that the Aussie is still trading beneath the 23.6% retracement of Sep 5-Oct 3 decline, the bias is to the downside, meaning the weekly pivot point should not be considered a reliable support. Moreover, a larger part of the technical studies also suggests the risks are skewed in favour of a dip.

Traders' Sentiment

Just as yesterday or five days ago three out of four SWFX market participants prefer to be long on the Australian Dollar. But there is no visible difference between the amounts of buy (49%) and sell (51%) orders.
© 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.