Note: This section contains information in English only."The market remains capped by the .7778/.7850 2016 highs and the 38.2% retracement, but it is possible that it is base building."
— Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The Australian Dollar remained relatively unchanged against the American counterpart on Friday, but still suffering a fourth loss in a row.[/ANNOUNCE] The Aussie's attempts to recover amid a broadly weaker Greenback were in vain, as commodity prices kept weighing on the Antipodean currency. As a result, the AUD/USD currency pair began sliding down towards the 0.76 mark, with the 20 and the 55-day SMAs being the nearest demand area circa 0.7615. A breach of this support is likely to cause a sharper decline, with the 200-day SMA at 0.7548 in sight. Meanwhile, technical indicators keep suggesting the Aussie is to outperform the Buck.
Traders' Sentiment
There are 73% of traders holding short positions today (previously 74%), while 51% of all pending orders are to acquire the Aussie Dollar.
Mon, 27 Mar 2017 15:19:50 GMT
Source: Dukascopy Bank SA
— Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The Australian Dollar remained relatively unchanged against the American counterpart on Friday, but still suffering a fourth loss in a row.[/ANNOUNCE] The Aussie's attempts to recover amid a broadly weaker Greenback were in vain, as commodity prices kept weighing on the Antipodean currency. As a result, the AUD/USD currency pair began sliding down towards the 0.76 mark, with the 20 and the 55-day SMAs being the nearest demand area circa 0.7615. A breach of this support is likely to cause a sharper decline, with the 200-day SMA at 0.7548 in sight. Meanwhile, technical indicators keep suggesting the Aussie is to outperform the Buck.
Traders' Sentiment
There are 73% of traders holding short positions today (previously 74%), while 51% of all pending orders are to acquire the Aussie Dollar.