AUD/USD stuck between 0.77 and 0.777

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The most likely path for the AUD over the next few months is sideways. That said, tail risks remain more tangible than usual and vigilance is needed. Negotiations between Greece and Europe sit at the centre of these risks." 
- ANZ (based on WBP Online)

Pair's Outlook 
Even though the AUD/USD currency pair reached a daily low of 0.7736 last Friday, the Aussie still closed trade in front of the 100-day SMA at 0.7770. Today the mentioned SMA acts as an immediate resistance and might cause the Australian Dollar to edge lower. Moreover, a strong resistance cluster just above the 0.78 psychological level has already pushed the pair back down. The closest support lies at 0.7752, namely the weekly pivot point, but technical studies retain mixed signals, unable to confirm the scenario. 

Traders' Sentiment 
Both net positions and net orders weakened. Now 70% of traders hold long positions and 54% of all orders are to buy the Aussie.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 22 Jun 2015 15:09:08 GMT

USD/CAD resumes the fall after moderate rebound

The Greenback mostly behaved in accordance with the forecast, as it advanced against its Canadian counterpart at the end of last week.

Mon, 22 Jun 2015 14:26:53 GMT

EUR/JPY to reclaim the 140 major level

Last Friday, the Euro behaved according to the forecast, as it declined towards the support cluster at 139.20.

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.