AUD/USD makes its way to one-week high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Reading the [RBA governor's] statement closely, this suggests the RBA is likely to wait until February when it will have another inflation print, which will likely confirm the lower than previously anticipated inflation trajectory. From here it seems that a rate cut in February is most likely."
- ANZ (based on WBP Online) 

Pair's Outlook 
This time the 55-day SMA provided enough impetus for the AUD/USD currency pair to pierce the immediate resistance. However, the Aussie failed to remain above the 0.72 level, as was expected, but might retake it today. The 20-day SMA is the nearest obstacle, limiting the Antipodean currency's volatility, while the 100-day one is the ceiling, as it is bolstered by the down-trend. From below the pair is supported by the 55-day SMA, the weekly and monthly PPs, a breach of which could trigger a slump towards 0.7080, where the Bollinger band coincides with the up-trend. 

Traders' Sentiment 
Bullish traders' sentiment remains unchanged at 70%, while the percentage of buy orders fell to a more than a one-year low of 17%.
© Dukascopy Bank SA
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Actual Topics

Wed, 04 Nov 2015 14:45:08 GMT

USD/CAD anchored around 20-day SMA

Despite having reached the 55-day SMA, the US Dollar ultimately sustained losses against its Canadian counterpart.

Wed, 04 Nov 2015 14:23:05 GMT

EUR/JPY tests September low

The European currency edged down on Tuesday, with the weekly PP somewhat limiting the losses.

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