Note: This section contains information in English only."The AUD is higher. But so are commodity prices. There is a debate about whether a further rate cut would help or perhaps threaten financial stability."
– CBA (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]The AUD/USD pair continued to appreciate on Monday, but was unable to even reach the 0.77 psychological level.[/ANNOUNCE] Even though technical studies keep suggesting the Aussie is to edge higher again, downside risks are also present. The weekly pivot point is still the closest support, while a much stronger cluster Is located around the 0.76 major level, formed by the monthly PP. the weekly S1, the 20 and the 55-day SMAs. At the same time, the 0.77 mark is the nearest potential resistance, a retake of which is required to establish the given pair's further bullish potential.
Traders' Sentiment
Bears keep gaining numbers, as 72% of traders hold short positions today, compared to 70% yesterday. The share of sell orders, however, barely changed, having fallen from 66 to 64%.
Tue, 04 Oct 2016 13:26:04 GMT
Source: Dukascopy Bank SA
– CBA (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]The AUD/USD pair continued to appreciate on Monday, but was unable to even reach the 0.77 psychological level.[/ANNOUNCE] Even though technical studies keep suggesting the Aussie is to edge higher again, downside risks are also present. The weekly pivot point is still the closest support, while a much stronger cluster Is located around the 0.76 major level, formed by the monthly PP. the weekly S1, the 20 and the 55-day SMAs. At the same time, the 0.77 mark is the nearest potential resistance, a retake of which is required to establish the given pair's further bullish potential.
Traders' Sentiment
Bears keep gaining numbers, as 72% of traders hold short positions today, compared to 70% yesterday. The share of sell orders, however, barely changed, having fallen from 66 to 64%.