AUD/USD attempts to preserve the up-trend

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The consensus forecast assumes that the aussie will weaken from $0.70 now to $0.65 this year." 
- Capital Economics (based on WBP Online) 

Pair's Outlook 
The Australian Dollar surprised with its performance, as it managed to find support in face of the wedge's lower borders on Tuesday, after having slumped more than 100 pips. The pattern is currently fighting for its life, pushing the AUD/USD exchange rate higher, in attempt to pierce the immediate resistance cluster. The second target expected to limit the gains is located around 0.7140, represented by the 55 and 100-day SMAs. However, Yellen's testimony might strengthen the Buck, driving the given pair closer to Tuesday's low, where the weekly S1 lies. 

Traders' Sentiment 
Bullish traders' sentiment returned to its Monday's level of 72%, while the share of buy orders lost 23% points, falling down to 36%.
© Dukascopy Bank SA
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Actual Topics

Wed, 10 Feb 2016 14:14:04 GMT

NZD/USD to break out of the 55 and 100-day SMAs' shackles

The New Zealand currency experienced rather serious volatility on Tuesday, but ended the day relatively unchanged—in between the 55 and the 100-day SMAs.

Wed, 10 Feb 2016 14:13:45 GMT

EUR/JPY retreats from 130.00

The European currency managed to recover from the intraday lows yesterday, following the signals that technical indicators were providing.

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